Headlands Technologies LLC Purchases New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Headlands Technologies LLC acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,512 shares of the construction company’s stock, valued at approximately $251,000.

Other hedge funds have also bought and sold shares of the company. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing during the 4th quarter worth about $29,000. World Investment Advisors LLC purchased a new position in shares of Simpson Manufacturing during the third quarter valued at approximately $30,000. R Squared Ltd bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after buying an additional 97 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after buying an additional 95 shares during the period. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Robert W. Baird cut their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th. DA Davidson dropped their target price on shares of 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 Price Performance

Shares of SSD stock opened at $147.36 on Friday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 19.39 and a beta of 1.33. 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 Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The stock has a fifty day simple moving average of $163.27 and a two-hundred day simple moving average of $174.35.

Simpson Manufacturing (NYSE:SSD) last issued its 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%. On average, analysts predict 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. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the company’s 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 directly owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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.