Capstone Investment Advisors LLC Acquires Shares of 13,100 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Capstone Investment Advisors LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,100 shares of the construction company's stock, valued at approximately $2,172,000.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Simpson Manufacturing by 16.8% during the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock valued at $74,000 after buying an additional 64 shares during the last quarter. CIBC Asset Management Inc boosted its position in Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after acquiring an additional 64 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Simpson Manufacturing by 2.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after purchasing an additional 70 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Simpson Manufacturing by 1.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after purchasing an additional 88 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after purchasing an additional 95 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing 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 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 $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 available at this link. 0.42% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SSD has been the topic of a number of research analyst reports. DA Davidson lowered their price objective 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. Robert W. Baird dropped their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th.

Simpson Manufacturing Stock Up 0.3 %

SSD stock traded up $0.39 during midday trading on Wednesday, reaching $153.82. The company had a trading volume of 196,849 shares, compared to its average volume of 271,165. The company has a 50 day moving average of $153.93 and a two-hundred day moving average of $167.38. 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 1 year low of $137.35 and a 1 year high of $197.82. The company has a market capitalization of $6.46 billion, a P/E ratio of 20.24 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The firm had revenue of $538.90 million during the quarter, compared to analysts' expectations of $531.81 million. During the same quarter last year, the firm earned $1.77 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research 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. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is presently 14.58%.

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.