Sei Investments Co. Buys 49,257 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sei Investments Co. grew its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 57.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,623 shares of the construction company’s stock after acquiring an additional 49,257 shares during the quarter. Sei Investments Co.’s holdings in Simpson Manufacturing were worth $22,490,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC increased its stake in Simpson Manufacturing by 16.8% in the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock valued at $74,000 after purchasing an additional 64 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock valued at $216,000 after buying an additional 64 shares in the last quarter. Pacer Advisors Inc. raised its stake in Simpson Manufacturing by 1.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock worth $1,042,000 after buying an additional 88 shares during the period. V Square Quantitative Management LLC lifted its holdings in Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 95 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after acquiring an additional 97 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In related 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SSD shares. DA Davidson dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird cut their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Simpson Manufacturing Price Performance

SSD stock opened at $159.03 on Thursday. The stock has a market cap of $6.71 billion, a PE ratio of 20.92 and a beta of 1.39. The stock has a 50-day moving average price of $165.15 and a two-hundred day moving average price of $175.38. Simpson Manufacturing Co., Inc. has a 1 year low of $152.74 and a 1 year high of $206.48. 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 (NYSE:SSD) last released 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%. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is 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.