Callan Family Office LLC Has $1.20 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Callan Family Office LLC boosted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 250.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,219 shares of the construction company’s stock after buying an additional 5,161 shares during the quarter. Callan Family Office LLC’s holdings in Simpson Manufacturing were worth $1,197,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SSD. US Bancorp DE raised its holdings in shares of Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after acquiring an additional 352 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Simpson Manufacturing by 27.1% during the third quarter. Janney Montgomery Scott LLC now owns 5,100 shares of the construction company’s stock valued at $975,000 after acquiring an additional 1,088 shares in the last quarter. Van ECK Associates Corp lifted its stake in Simpson Manufacturing by 40.0% in the third quarter. Van ECK Associates Corp now owns 27,882 shares of the construction company’s stock valued at $4,921,000 after acquiring an additional 7,966 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Simpson Manufacturing by 13.1% during the 3rd quarter. QRG Capital Management Inc. now owns 3,785 shares of the construction company’s stock worth $724,000 after purchasing an additional 438 shares during the last quarter. Finally, Portside Wealth Group LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $165.02 on Friday. The company has a market capitalization of $6.96 billion, a PE ratio of 21.71 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a one year low of $154.97 and a one year high of $218.38. The company’s fifty day moving average price is $166.40 and its 200 day moving average price is $177.36.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing’s payout ratio is 14.74%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.