First Trust Advisors LP Purchases 6,174 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

First Trust Advisors LP grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,558 shares of the construction company’s stock after buying an additional 6,174 shares during the period. First Trust Advisors LP owned approximately 0.21% of Simpson Manufacturing worth $14,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of SSD. Park Place Capital Corp bought a new position in Simpson Manufacturing during the fourth quarter worth about $29,000. World Investment Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter valued at approximately $30,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $30,000. UMB Bank n.a. grew its position in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after buying an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 95 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The stock was 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 trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Down 0.5 %

Shares of SSD stock opened at $153.63 on Monday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The stock’s fifty day moving average price is $156.21 and its two-hundred day moving average price is $169.13. 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 cap of $6.45 billion, a PE ratio of 20.21 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last released its earnings results 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 return on equity of 18.00% and a net margin of 14.44%. Equities 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 was paid on Thursday, April 24th. Investors of record on Thursday, April 3rd were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.73%. The ex-dividend date was Thursday, April 3rd. Simpson Manufacturing’s payout ratio is 14.74%.

Analyst Upgrades and Downgrades

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

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.