FourThought Financial Partners LLC Has $690,000 Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

FourThought Financial Partners LLC trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,486 shares of the construction company’s stock after selling 103 shares during the period. FourThought Financial Partners LLC’s holdings in Simpson Manufacturing were worth $690,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. M&T Bank Corp raised its holdings in Simpson Manufacturing by 66.2% during the fourth quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock worth $5,250,000 after buying an additional 10,564 shares during the last quarter. Natixis Advisors L.P. raised its holdings in shares of Simpson Manufacturing by 4.6% in the 4th quarter. Natixis Advisors L.P. now owns 11,820 shares of the construction company’s stock worth $2,340,000 after acquiring an additional 522 shares during the last quarter. Robertson Stephens Wealth Management LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $210,000. Van ECK Associates Corp lifted its position in Simpson Manufacturing by 34.3% in the 4th quarter. Van ECK Associates Corp now owns 12,164 shares of the construction company’s stock valued at $2,408,000 after acquiring an additional 3,109 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its stake in Simpson Manufacturing by 12.3% during the 4th quarter. Anchor Capital Advisors LLC now owns 7,598 shares of the construction company’s stock valued at $1,504,000 after purchasing an additional 830 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Simpson Manufacturing

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

Simpson Manufacturing Stock Up 1.6 %

Shares of SSD traded up $2.84 during trading hours on Friday, reaching $181.05. 228,708 shares of the stock traded hands, compared to its average volume of 412,556. Simpson Manufacturing Co., Inc. has a 52 week low of $117.08 and a 52 week high of $218.38. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 22.69 and a beta of 1.33. The stock has a fifty day simple moving average of $193.89 and a 200 day simple moving average of $180.65. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26.

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

Simpson Manufacturing Increases Dividend

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

Analyst Upgrades and Downgrades

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

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.