Caxton Associates LP Makes New $695,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Caxton Associates LP bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,194 shares of the construction company's stock, valued at approximately $695,000.

Several other hedge funds have also made changes to their positions in the business. Quarry LP acquired a new stake in Simpson Manufacturing in the fourth quarter valued at about $28,000. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at approximately $29,000. World Investment Advisors LLC acquired a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at approximately $30,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at approximately $30,000. Finally, UMB Bank n.a. lifted its position in shares of Simpson Manufacturing by 88.2% during the 4th 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 during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Analyst Ratings Changes

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

Simpson Manufacturing Price Performance

Shares of SSD traded up $5.40 during mid-day trading on Monday, reaching $162.89. 66,870 shares of the company's stock were exchanged, compared to its average volume of 269,330. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The company has a 50-day simple moving average of $153.88 and a two-hundred day simple moving average of $166.88. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 21.45 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The business had revenue of $538.90 million during the quarter, compared to analysts' expectations of $531.81 million. During the same period last year, the company posted $1.77 EPS. The company's revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 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 24th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.71%. This is a boost 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%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. The trade was a 10.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company's stock.

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.