Van ECK Associates Corp Increases Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Van ECK Associates Corp boosted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 29.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,052 shares of the construction company’s stock after purchasing an additional 8,170 shares during the quarter. Van ECK Associates Corp owned about 0.09% of Simpson Manufacturing worth $5,979,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SSD. FMR LLC raised its position in Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after purchasing an additional 333,390 shares during the period. Conestoga Capital Advisors LLC raised its position in Simpson Manufacturing by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock worth $271,972,000 after purchasing an additional 24,253 shares during the period. State Street Corp raised its position in Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock worth $240,392,000 after purchasing an additional 20,404 shares during the period. Geode Capital Management LLC raised its position in Simpson Manufacturing by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after purchasing an additional 7,351 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after purchasing an additional 6,585 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced 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 report on Tuesday, February 11th.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Trading Up 4.1 %

Shares of Simpson Manufacturing stock opened at $174.42 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The firm has a fifty day moving average price of $168.85 and a 200 day moving average price of $178.18. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38. The stock has a market cap of $7.35 billion, a PE ratio of 23.04 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results 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 research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

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

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.