Vestmark Advisory Solutions Inc. Has $6.51 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Vestmark Advisory Solutions Inc. lessened its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,862 shares of the construction company’s stock after selling 539 shares during the period. Vestmark Advisory Solutions Inc. owned approximately 0.08% of Simpson Manufacturing worth $6,506,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of SSD. Contravisory Investment Management Inc. acquired a new stake in Simpson Manufacturing during the 4th quarter worth $29,000. GAMMA Investing LLC acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $35,000. Headlands Technologies LLC bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $37,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at approximately $54,000. Finally, Signaturefd LLC increased its stake in Simpson Manufacturing by 36.1% during the 3rd quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock worth $62,000 after purchasing an additional 110 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the transaction, the director now owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the transaction, the director now owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock worth $770,924 in the last quarter. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SSD shares. Robert W. Baird upped their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday.

Simpson Manufacturing Stock Up 1.6 %

Simpson Manufacturing stock traded up $2.84 during midday trading on Friday, reaching $181.05. The stock had a trading volume of 228,708 shares, compared to its average volume of 412,556. Simpson Manufacturing Co., Inc. has a 1-year low of $117.08 and a 1-year high of $218.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. The firm’s fifty day simple moving average is $193.89 and its 200-day simple moving average is $180.65. The stock has a market capitalization of $7.69 billion, a P/E ratio of 22.69 and a beta of 1.33.

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

Simpson Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is currently 13.53%.

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.