12,000 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 12,000 shares of the construction company’s stock, valued at approximately $2,376,000.

Other hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of Simpson Manufacturing by 103.3% in the fourth quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company’s stock valued at $2,009,000 after buying an additional 5,154 shares during the period. Stansberry Asset Management LLC raised its stake in shares of Simpson Manufacturing by 19.5% in the third quarter. Stansberry Asset Management LLC now owns 27,128 shares of the construction company’s stock valued at $4,064,000 after buying an additional 4,422 shares during the period. Planned Solutions Inc. bought a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $191,000. Trexquant Investment LP bought a new stake in shares of Simpson Manufacturing in the third quarter valued at $1,767,000. Finally, Invesco Ltd. raised its stake in shares of Simpson Manufacturing by 309.3% in the third quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock valued at $72,340,000 after buying an additional 364,910 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total value of $156,536.00. Following the completion of the transaction, the executive vice president now directly owns 27,330 shares in the company, valued at approximately $5,033,092.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares in the company, valued at approximately $854,861.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $184.16, for a total value of $156,536.00. Following the completion of the sale, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The disclosure for this sale can be found here. In the last three months, insiders sold 4,634 shares of company stock worth $927,460. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $184.58 on Wednesday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $108.70 and a fifty-two week high of $218.38. The stock has a fifty day moving average of $197.97 and a 200-day moving average of $177.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63. The stock has a market cap of $7.84 billion, a PE ratio of 22.35 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The business had revenue of $501.70 million for the quarter, compared to analysts’ expectations of $482.98 million. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Simpson Manufacturing’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s payout ratio is currently 13.08%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SSD. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Robert W. Baird lifted their price target on Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th.

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.