PFW Advisors LLC Acquires New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

PFW Advisors LLC bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,968 shares of the construction company’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Champlain Investment Partners LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth about $16,060,000. US Bancorp DE raised its holdings in Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after buying an additional 352 shares during the period. International Assets Investment Management LLC lifted its stake in Simpson Manufacturing by 8,883.3% in the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after buying an additional 5,863 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after buying an additional 6,585 shares during the period. Finally, Diversified Trust Co acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $591,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird increased their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

Simpson Manufacturing Stock Up 1.6 %

Shares of NYSE SSD traded up $2.55 during midday trading on Monday, reaching $160.52. The company’s stock had a trading volume of 197,753 shares, compared to its average volume of 222,403. The stock has a 50 day simple moving average of $177.71 and a 200-day simple moving average of $179.99. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 21.20 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a fifty-two week low of $155.73 and a fifty-two week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the previous year, the firm posted $2.43 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. Simpson Manufacturing’s dividend payout ratio is 14.80%.

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.