965 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Planned Solutions Inc.

Planned Solutions Inc. purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 965 shares of the construction company’s stock, valued at approximately $191,000.

Other hedge funds have also recently modified their holdings of the company. Morgan Stanley raised its holdings in Simpson Manufacturing by 246.2% in the 4th quarter. Morgan Stanley now owns 517,900 shares of the construction company’s stock valued at $45,917,000 after acquiring an additional 368,325 shares during the last quarter. Invesco Ltd. raised its holdings in Simpson Manufacturing by 309.3% in the 3rd quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock valued at $72,340,000 after acquiring an additional 364,910 shares during the last quarter. FMR LLC raised its holdings in Simpson Manufacturing by 48.6% in the 3rd quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock valued at $157,473,000 after acquiring an additional 343,986 shares during the last quarter. Norges Bank acquired a new stake in Simpson Manufacturing in the 4th quarter valued at about $29,418,000. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Simpson Manufacturing by 713.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 324,045 shares of the construction company’s stock valued at $35,527,000 after buying an additional 284,188 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

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 of the company’s stock, valued at approximately $854,861.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the sale, the director now directly owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The disclosure for this sale can be found here. In the last three months, insiders sold 4,634 shares of company stock valued at $927,460. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 1.5 %

Simpson Manufacturing stock opened at $202.91 on Thursday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $102.13 and a fifty-two week high of $218.38. 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 firm has a 50 day moving average price of $195.48 and a 200 day moving average price of $173.50. The company has a market capitalization of $8.62 billion, a PE ratio of 24.57 and a beta of 1.31.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly 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). The business had revenue of $501.70 million during the quarter, compared to analyst estimates of $482.98 million. Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. Research analysts expect that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

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

Analysts Set New Price Targets

SSD has been the subject of several analyst reports. StockNews.com cut shares of 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 research note on Tuesday, February 6th.

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.