Captrust Financial Advisors Purchases 14,435 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Captrust Financial Advisors grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 286.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,481 shares of the construction company's stock after buying an additional 14,435 shares during the quarter. Captrust Financial Advisors' holdings in Simpson Manufacturing were worth $3,231,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth about $738,000. Diversified Trust Co bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at approximately $591,000. Van ECK Associates Corp lifted its holdings in shares of Simpson Manufacturing by 29.3% during the fourth 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 during the last quarter. Financial Advocates Investment Management purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $401,000. Finally, KBC Group NV boosted its holdings in Simpson Manufacturing by 54.7% in the fourth quarter. KBC Group NV now owns 1,866 shares of the construction company's stock worth $309,000 after acquiring an additional 660 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SSD. Robert W. Baird decreased their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. DA Davidson reduced their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock traded up $1.30 during midday trading on Tuesday, reaching $165.67. 287,452 shares of the company traded hands, compared to its average volume of 270,612. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 21.80 and a beta of 1.34. The business has a 50 day moving average of $154.00 and a two-hundred day moving average of $166.76.

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

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a $0.29 dividend. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.70%. Simpson Manufacturing's dividend payout ratio is presently 15.10%.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by insiders.

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.