Ontario Teachers Pension Plan Board Makes New Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Ontario Teachers Pension Plan Board acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,810 shares of the construction company’s stock, valued at approximately $466,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new position in Simpson Manufacturing during the 4th quarter valued at approximately $73,758,000. Riverbridge Partners LLC bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at approximately $58,414,000. Raymond James Financial Inc. bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at approximately $54,644,000. Wealthfront Advisers LLC purchased a new stake in Simpson Manufacturing in the fourth quarter worth $15,603,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Simpson Manufacturing by 1,473.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company’s stock valued at $13,310,000 after acquiring an additional 75,162 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. DA Davidson dropped their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Robert W. Baird cut their price objective on 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 Buying and Selling at Simpson Manufacturing

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

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $147.28 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company’s fifty day moving average price is $158.81 and its 200-day moving average price is $171.18. The stock has a market cap of $6.18 billion, a PE ratio of 19.38 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping 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%. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

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. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

About Simpson Manufacturing

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.