Inceptionr LLC Buys New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Inceptionr LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, HoldingsChannel reports. The fund bought 3,045 shares of the construction company’s stock, valued at approximately $505,000.

Other large investors have also recently made changes to their positions in the company. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $29,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $30,000. Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $37,000. UMB Bank n.a. boosted its position in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the period. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $51,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Robert W. Baird reduced their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 1.9 %

SSD opened at $165.02 on Friday. The business has a 50 day moving average price of $166.37 and a two-hundred day moving average price of $177.26. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.96 billion, a PE ratio of 21.71 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 52 week low of $154.97 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating 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 anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

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