KBC Group NV Increases Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

KBC Group NV boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 54.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,866 shares of the construction company’s stock after buying an additional 660 shares during the quarter. KBC Group NV’s holdings in Simpson Manufacturing were worth $309,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Park Place Capital Corp bought a new position in shares of Simpson Manufacturing in the 4th quarter worth $29,000. World Investment Advisors LLC bought a new position in Simpson Manufacturing in the third quarter worth about $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter valued at about $34,000. UMB Bank n.a. lifted its position in shares of Simpson Manufacturing by 88.2% during 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, Prospera Private Wealth LLC bought a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $37,000. Institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $165.85 on Tuesday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $155.73 and a fifty-two week high of $218.38. The company has a market cap of $6.99 billion, a PE ratio of 21.91 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The business has a 50-day simple moving average of $172.30 and a two-hundred day simple moving average of $179.40.

Simpson Manufacturing Announces Dividend

The business also recently declared 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. Simpson Manufacturing’s payout ratio is 14.80%.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

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.