824 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 824 shares of the construction company’s stock, valued at approximately $137,000.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its stake in Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after purchasing an additional 333,390 shares during the last quarter. State Street Corp lifted its position in shares of 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 acquiring an additional 20,404 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 acquiring an additional 7,351 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after acquiring an additional 6,585 shares in the last quarter. Finally, Port Capital LLC grew its holdings in shares of Simpson Manufacturing by 0.3% in the 3rd quarter. Port Capital LLC now owns 369,255 shares of the construction company’s stock worth $70,627,000 after acquiring an additional 975 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Trading Up 0.3 %

Shares of NYSE SSD opened at $164.14 on Friday. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 21.60 and a beta of 1.35. 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 business has a fifty day simple moving average of $167.03 and a 200-day simple moving average of $177.81.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results 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%. Sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

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 issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is 14.74%.

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.