Private Advisor Group LLC Buys New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Private Advisor Group LLC acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,477 shares of the construction company’s stock, valued at approximately $411,000.

A number of other hedge funds have also made changes to their positions in SSD. Park Place Capital Corp purchased a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $29,000. R Squared Ltd acquired a new stake in Simpson Manufacturing during the 4th quarter worth $30,000. Prospera Private Wealth LLC purchased a new position in Simpson Manufacturing during the 3rd quarter worth $37,000. UMB Bank n.a. raised its holdings in shares of Simpson Manufacturing by 88.2% in the fourth 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 last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Simpson Manufacturing during the third quarter worth about $51,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Simpson Manufacturing Stock Down 1.0 %

SSD stock opened at $157.70 on Wednesday. Simpson Manufacturing Co., Inc. has a one year low of $154.97 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The company has a fifty day moving average of $166.65 and a 200-day moving average of $177.57. The stock has a market capitalization of $6.65 billion, a PE ratio of 20.75 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 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 given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Simpson Manufacturing 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.