Inceptionr LLC Acquires New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Inceptionr LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,045 shares of the construction company’s stock, valued at approximately $505,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Place Capital Corp purchased a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $29,000. World Investment Advisors LLC purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at $30,000. R Squared Ltd purchased a new stake in Simpson Manufacturing during the 4th quarter worth about $30,000. UMB Bank n.a. increased its holdings in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after purchasing an additional 97 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the company’s 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 completion of the transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $165.02 on Friday. The stock’s 50-day moving average is $166.37 and its two-hundred day moving average is $177.26. 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 1-year low of $154.97 and a 1-year high of $218.38. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 21.71 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results 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%. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

About Simpson Manufacturing

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.