Avantax Advisory Services Inc. Increases Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Avantax Advisory Services Inc. grew its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 42.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,741 shares of the construction company’s stock after purchasing an additional 520 shares during the period. Avantax Advisory Services Inc.’s holdings in Simpson Manufacturing were worth $289,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Riverbridge Partners LLC purchased a new position in Simpson Manufacturing in the fourth quarter valued at $58,414,000. 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 valued at $327,140,000 after purchasing an additional 333,390 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Simpson Manufacturing during the fourth quarter worth about $54,644,000. EP Wealth Advisors LLC increased its stake in shares of Simpson Manufacturing by 1,020.1% during the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after buying an additional 127,345 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $15,603,000. Institutional investors and hedge funds 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 that occurred 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 completion of the sale, the executive vice president now directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Up 0.4 %

Shares of NYSE SSD opened at $160.40 on Wednesday. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.11 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 52 week low of $152.74 and a 52 week high of $206.48. The firm has a 50-day moving average price of $165.29 and a 200 day moving average price of $175.49. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

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

Simpson Manufacturing Announces Dividend

The business 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 yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. DA Davidson dropped their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird dropped their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 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.