Impact Capital Partners LLC Acquires New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Impact Capital Partners LLC purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 6,729 shares of the construction company’s stock, valued at approximately $1,116,000.

A number of other large investors have also modified their holdings of the business. Park Place Capital Corp acquired a new position in Simpson Manufacturing in the fourth quarter valued at approximately $29,000. World Investment Advisors LLC purchased a new position in shares of Simpson Manufacturing during the 3rd quarter worth $30,000. R Squared Ltd purchased a new position in shares of Simpson Manufacturing during the 4th quarter worth $30,000. UMB Bank n.a. lifted its stake 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 acquiring an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC acquired a new stake in Simpson Manufacturing in the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

SSD stock opened at $157.09 on Thursday. The stock has a 50-day moving average price of $166.02 and a two-hundred day moving average price of $176.81. The company has a market cap of $6.62 billion, a PE ratio of 20.67 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 12-month low of $154.97 and a 12-month high of $208.12. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS 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, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

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.