Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 581,406 shares of the construction company's stock after buying an additional 275,989 shares during the quarter. Ameriprise Financial Inc. owned 1.38% of Simpson Manufacturing worth $96,405,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP purchased a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $28,000. Park Place Capital Corp purchased a new position in Simpson Manufacturing in the 4th quarter valued at approximately $29,000. World Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing in the third quarter worth $30,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing during the fourth quarter worth $30,000. Finally, UMB Bank n.a. raised its stake in shares of 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 in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction, the executive vice president now directly owns 8,810 shares of the company's stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Up 0.2 %

Shares of SSD stock traded up $0.36 on Friday, reaching $157.40. 244,484 shares of the stock were exchanged, compared to its average volume of 270,124. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 20.71 and a beta of 1.34. The business's 50 day moving average price is $153.88 and its 200 day moving average price is $166.88.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. The business had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $1.77 EPS. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 15.10%.

Simpson Manufacturing Company 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.