Proficio Capital Partners LLC Takes $3.16 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Proficio Capital Partners LLC bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 19,070 shares of the construction company’s stock, valued at approximately $3,162,000.

Several other hedge funds also recently bought and sold shares of the company. Atria Investments Inc lifted its position in shares of Simpson Manufacturing by 7.5% in the fourth quarter. Atria Investments Inc now owns 15,136 shares of the construction company’s stock valued at $2,510,000 after acquiring an additional 1,052 shares in the last quarter. Assetmark Inc. lifted its holdings in Simpson Manufacturing by 6.6% in the 4th quarter. Assetmark Inc. now owns 14,785 shares of the construction company’s stock worth $2,452,000 after purchasing an additional 917 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Simpson Manufacturing by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock worth $81,354,000 after purchasing an additional 3,467 shares during the period. Jones Financial Companies Lllp grew its holdings in Simpson Manufacturing by 1,542.3% during the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company’s stock valued at $71,000 after buying an additional 401 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of Simpson Manufacturing by 14.7% during the fourth quarter. US Bancorp DE now owns 4,833 shares of the construction company’s stock valued at $801,000 after buying an additional 620 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Down 0.4 %

Shares of SSD opened at $158.86 on Wednesday. The business’s 50 day simple moving average is $165.47 and its 200-day simple moving average is $176.07. Simpson Manufacturing Co., Inc. has a 1 year low of $153.87 and a 1 year high of $208.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 20.90 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid 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 0.71%. Simpson Manufacturing’s payout ratio is currently 14.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SSD. Robert W. Baird dropped their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. DA Davidson dropped their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

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.