State of Alaska Department of Revenue Reduces Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

State of Alaska Department of Revenue reduced its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,809 shares of the construction company’s stock after selling 90 shares during the period. State of Alaska Department of Revenue’s holdings in Simpson Manufacturing were worth $797,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $29,000. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at $34,000. R Squared Ltd purchased a new stake in Simpson Manufacturing in the 4th quarter valued at $30,000. Prospera Private Wealth LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter worth $37,000. Finally, UMB Bank n.a. grew its position in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after purchasing an additional 97 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 4.1 %

Shares of SSD stock opened at $174.42 on Friday. Simpson Manufacturing Co., Inc. has a twelve month low of $155.73 and a twelve month high of $218.38. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $169.09 and its two-hundred day moving average is $178.44. The company has a market capitalization of $7.35 billion, a P/E ratio of 23.04 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.64%. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird reduced their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday.

Insider Activity at Simpson Manufacturing

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