Walnut Level Capital LLC Takes $1.24 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Walnut Level Capital LLC acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,500 shares of the construction company's stock, valued at approximately $1,244,000. Simpson Manufacturing makes up about 0.5% of Walnut Level Capital LLC's holdings, making the stock its 29th biggest holding.

A number of other large investors also recently bought and sold shares of SSD. GAMMA Investing LLC raised its position in shares of Simpson Manufacturing by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock valued at $74,000 after acquiring an additional 64 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after purchasing an additional 88 shares during the period. V Square Quantitative Management LLC lifted its position in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after buying an additional 95 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after buying an additional 97 shares during the period. Institutional investors own 93.68% of the company's stock.

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Simpson Manufacturing Stock Performance

SSD stock traded down $1.42 during mid-day trading on Friday, reaching $157.48. The company had a trading volume of 663,844 shares, compared to its average volume of 282,763. The stock's 50-day simple moving average is $164.76 and its two-hundred day simple moving average is $175.17. The stock has a market capitalization of $6.64 billion, a P/E ratio of 20.72 and a beta of 1.39. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a one year low of $152.74 and a one year high of $205.88.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.

Wall Street Analyst Weigh In

SSD has been the topic of several research reports. Robert W. Baird dropped their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. DA Davidson dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th.

Insider Activity at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.