Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Cynosure Group LLC

Cynosure Group LLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 10.8% in the 4th quarter, Holdings Channel reports. The firm owned 1,793 shares of the construction company’s stock after selling 217 shares during the quarter. Cynosure Group LLC’s holdings in Simpson Manufacturing were worth $297,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SSD. BNP Paribas Financial Markets grew its stake in shares of Simpson Manufacturing by 73.6% in the third quarter. BNP Paribas Financial Markets now owns 12,999 shares of the construction company’s stock valued at $2,486,000 after buying an additional 5,512 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of Simpson Manufacturing by 10.9% during the third quarter. Captrust Financial Advisors now owns 5,046 shares of the construction company’s stock valued at $965,000 after purchasing an additional 494 shares during the period. Atom Investors LP purchased a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $251,000. Benjamin Edwards Inc. boosted its stake in shares of Simpson Manufacturing by 157.9% in the third quarter. Benjamin Edwards Inc. now owns 1,981 shares of the construction company’s stock valued at $379,000 after purchasing an additional 1,213 shares during the period. Finally, Holocene Advisors LP purchased a new position in shares of Simpson Manufacturing in the third quarter valued at $412,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Robert W. Baird cut their price objective on shares of 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 reduced their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Insider Transactions at Simpson Manufacturing

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

Simpson Manufacturing Stock Down 8.5 %

Shares of NYSE:SSD opened at $145.34 on Friday. The firm has a market cap of $6.10 billion, a PE ratio of 19.12 and a beta of 1.39. The company has a fifty day simple moving average of $163.64 and a 200 day simple moving average of $174.60. 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 Co., Inc. has a 12-month low of $144.64 and a 12-month high of $198.88.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders 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 yield of 0.77%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is presently 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.