Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 14.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,833 shares of the construction company’s stock after buying an additional 620 shares during the quarter. US Bancorp DE’s holdings in Simpson Manufacturing were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. New York Life Investment Management LLC purchased a new stake in Simpson Manufacturing in the fourth 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 purchased a new stake in Simpson Manufacturing during the fourth quarter worth $591,000. Charles Schwab Investment Management Inc. boosted its position in shares of Simpson Manufacturing by 1.4% in the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Simpson Manufacturing by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after purchasing an additional 7,351 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction dated 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 owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Down 0.8 %

Shares of NYSE SSD opened at $163.67 on Tuesday. Simpson Manufacturing Co., Inc. has a 52-week low of $154.97 and a 52-week high of $210.08. The stock has a market capitalization of $6.90 billion, a PE ratio of 21.54 and a beta of 1.39. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average of $166.33 and a 200-day moving average of $177.14.

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, topping 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%. On average, analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

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.