Headlands Technologies LLC Makes New $251,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Headlands Technologies LLC acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,512 shares of the construction company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSD. New York Life Investment Management LLC purchased a new stake in Simpson Manufacturing in the fourth quarter valued at about $738,000. Diversified Trust Co acquired a new stake in Simpson Manufacturing in the 4th quarter worth approximately $591,000. Geode Capital Management LLC grew its position in 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 purchasing an additional 7,351 shares during the last quarter. Van ECK Associates Corp increased its stake in Simpson Manufacturing by 29.3% during the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company’s stock valued at $5,979,000 after purchasing an additional 8,170 shares in the last quarter. Finally, Financial Advocates Investment Management purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth $401,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing 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 completion of the transaction, the executive vice president now owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 1.5 %

SSD stock opened at $147.36 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The firm’s fifty day simple moving average is $163.27 and its 200-day simple moving average is $174.35. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a market capitalization of $6.19 billion, a P/E ratio of 19.39 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results 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 return on equity of 18.00% and a net margin of 14.44%. As a group, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share 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 given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SSD shares. Robert W. Baird dropped 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 dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th.

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.