Pacer Advisors Inc. Increases Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Pacer Advisors Inc. raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 103.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,145 shares of the construction company’s stock after buying an additional 5,154 shares during the period. Pacer Advisors Inc.’s holdings in Simpson Manufacturing were worth $2,009,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SSD. 1832 Asset Management L.P. purchased a new stake in Simpson Manufacturing during the 1st quarter valued at $27,000. Contravisory Investment Management Inc. purchased a new stake in Simpson Manufacturing during the 4th quarter valued at $29,000. Quantbot Technologies LP bought a new stake in shares of Simpson Manufacturing during the 1st quarter valued at $30,000. Arlington Trust Co LLC bought a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at $31,000. Finally, Pinebridge Investments L.P. purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter worth $36,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Simpson Manufacturing

In other news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the sale, the executive vice president now owns 27,330 shares of the company’s stock, valued at $5,033,092.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,634 shares of company stock worth $927,460. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $205.18 on Friday. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 24.84 and a beta of 1.31. The company’s 50 day moving average is $196.36 and its 200 day moving average is $174.16. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. Simpson Manufacturing Co., Inc. has a 52-week low of $102.13 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share (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 firm had revenue of $501.70 million during the quarter, compared to analysts’ expectations of $482.98 million. During the same period in the prior year, the firm posted $1.35 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 0.53%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 13.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday. Robert W. Baird increased their price target on shares of Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a 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.