6,729 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,729 shares of the construction company’s stock, valued at approximately $1,116,000.

A number of other hedge funds have also modified their holdings of SSD. New York Life Investment Management LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $738,000. Champlain Investment Partners LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter valued at about $16,060,000. Diversified Trust Co acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $591,000. Charles Schwab Investment Management Inc. increased its position in Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after buying an additional 6,585 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after acquiring an additional 7,351 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. DA Davidson cut their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday. Robert W. Baird cut their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Insider Activity at Simpson Manufacturing

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

Simpson Manufacturing Stock Performance

NYSE SSD opened at $157.09 on Thursday. 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 market capitalization of $6.62 billion, a P/E ratio of 20.67 and a beta of 1.39. The company has a fifty day moving average of $166.02 and a 200-day moving average of $176.81. Simpson Manufacturing Co., Inc. has a 52-week low of $154.97 and a 52-week high of $208.12.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data 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 research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS 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. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

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.