180 Wealth Advisors LLC Invests $205,000 in Simpson Manufacturing Co., Inc. (NYSE:SSD)

180 Wealth Advisors LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 998 shares of the construction company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. TD Asset Management Inc boosted its stake in shares of Simpson Manufacturing by 517.1% in the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock valued at $109,911,000 after buying an additional 465,193 shares in the last quarter. Norges Bank purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth $81,069,000. Epoch Investment Partners Inc. grew its stake in shares of Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock worth $64,433,000 after purchasing an additional 232,600 shares during the period. Comerica Bank increased its holdings in shares of Simpson Manufacturing by 669.6% in the 3rd quarter. Comerica Bank now owns 131,939 shares of the construction company’s stock valued at $19,766,000 after purchasing an additional 114,795 shares in the last quarter. Finally, Maren Capital LLC acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $15,493,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SSD shares. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird lifted their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the transaction, the executive vice president now directly owns 26,764 shares in the company, valued at approximately $4,687,179.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Jennifer Lutz sold 750 shares of Simpson Manufacturing stock in a transaction on Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now owns 5,033 shares of the company’s stock, valued at $861,347.62. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Roger Dankel sold 2,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total value of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares in the company, valued at $4,687,179.32. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $168.56 on Friday. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $7.11 billion, a P/E ratio of 21.12 and a beta of 1.32. The firm has a 50-day moving average price of $170.83 and a two-hundred day moving average price of $185.39. Simpson Manufacturing Co., Inc. has a twelve month low of $123.93 and a twelve month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million for the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the business earned $2.05 earnings per share. As a group, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be given a $0.28 dividend. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is currently 13.53%.

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.