Stratos Wealth Partners LTD. Increases Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Stratos Wealth Partners LTD. raised its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,178 shares of the construction company’s stock after purchasing an additional 184 shares during the period. Stratos Wealth Partners LTD.’s holdings in Simpson Manufacturing were worth $527,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Place Capital Corp purchased a new position in Simpson Manufacturing in the 4th quarter worth $29,000. World Investment Advisors LLC bought a new position in shares of Simpson Manufacturing during the third quarter valued at about $30,000. R Squared Ltd purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth about $30,000. V Square Quantitative Management LLC bought a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $34,000. Finally, UMB Bank n.a. boosted its holdings in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after acquiring an additional 97 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 1.6 %

NYSE:SSD opened at $169.55 on Wednesday. The firm has a market capitalization of $7.15 billion, a P/E ratio of 22.40 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $169.93 and a 200 day moving average of $178.73.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Insider Activity

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday.

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.