Walnut Level Capital LLC Takes $1.24 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Walnut Level Capital LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 7,500 shares of the construction company’s stock, valued at approximately $1,244,000. Simpson Manufacturing makes up about 0.5% of Walnut Level Capital LLC’s portfolio, making the stock its 29th largest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New York Life Investment Management LLC acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $738,000. Champlain Investment Partners LLC acquired a new stake in Simpson Manufacturing in the third quarter valued at $16,060,000. Diversified Trust Co acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $591,000. Charles Schwab Investment Management Inc. raised its stake in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after buying an additional 6,585 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after purchasing an additional 7,351 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $155.51 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a 1 year low of $152.74 and a 1 year high of $206.48. The stock’s 50-day moving average is $165.38 and its two-hundred day moving average is $175.65. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 20.46 and a beta of 1.39.

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

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports 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 dropped their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Company 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.