New Age Alpha Advisors LLC Invests $1.55 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

New Age Alpha Advisors LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 9,314 shares of the construction company’s stock, valued at approximately $1,545,000.

Several other hedge funds have also recently added to or reduced their stakes in SSD. Vanguard Group Inc. grew its stake in shares of Simpson Manufacturing by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company’s stock worth $697,294,000 after purchasing an additional 31,164 shares in the last quarter. FMR LLC grew its position in Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after buying an additional 333,390 shares in the last quarter. State Street Corp increased its stake in Simpson Manufacturing by 1.7% during the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after buying an additional 20,404 shares during the period. Geode Capital Management LLC raised its position in shares of Simpson Manufacturing by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after buying an additional 7,351 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Simpson Manufacturing by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock worth $81,354,000 after acquiring an additional 3,467 shares during the period. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

SSD has been the topic of several recent analyst reports. Robert W. Baird dropped their target price 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 dropped their price objective on 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 Stock Performance

Shares of SSD opened at $157.48 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The firm’s 50 day moving average is $164.76 and its 200-day moving average is $175.21. Simpson Manufacturing Co., Inc. has a 12-month low of $152.74 and a 12-month high of $205.88. The stock has a market capitalization of $6.61 billion, a P/E ratio of 20.72 and a beta of 1.39.

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

Simpson Manufacturing Dividend Announcement

The business also recently announced 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Insider Activity

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

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.