Champlain Investment Partners LLC boosted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 300.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 336,051 shares of the construction company's stock after buying an additional 252,085 shares during the period. Champlain Investment Partners LLC owned 0.80% of Simpson Manufacturing worth $55,727,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $73,758,000. Riverbridge Partners LLC acquired a new position in shares of Simpson Manufacturing during the 4th quarter valued at $58,414,000. Raymond James Financial Inc. bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth $54,644,000. Wealthfront Advisers LLC acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $15,603,000. Finally, Janney Montgomery Scott LLC boosted its stake in Simpson Manufacturing by 1,473.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company's stock valued at $13,310,000 after buying an additional 75,162 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.
Insiders Place Their Bets
In other news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.42% of the company's stock.
Analyst Upgrades and Downgrades
SSD has been the subject of a number of research analyst reports. Robert W. Baird cut their price target 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 dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.
Read Our Latest Stock Analysis on Simpson Manufacturing
Simpson Manufacturing Trading Up 2.4 %
SSD stock traded up $3.45 during mid-day trading on Tuesday, reaching $147.47. 69,304 shares of the stock traded hands, compared to its average volume of 284,938. The stock's fifty day moving average is $157.95 and its 200-day moving average is $170.26. The company has a market cap of $6.19 billion, a P/E ratio of 19.41 and a beta of 1.33. 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 52-week low of $137.35 and a 52-week high of $197.82.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.
Simpson Manufacturing Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is currently 14.74%.
Simpson Manufacturing Company Profile
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Free Report)
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.
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