Point72 Asset Management L.P. Buys Shares of 28,675 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Point72 Asset Management L.P. acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,675 shares of the construction company's stock, valued at approximately $4,755,000. Point72 Asset Management L.P. owned 0.07% of Simpson Manufacturing at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Quarry LP acquired a new position in shares of Simpson Manufacturing during the fourth quarter worth $28,000. Park Place Capital Corp acquired a new position in shares of Simpson Manufacturing during the fourth quarter worth $29,000. R Squared Ltd acquired a new position in shares of Simpson Manufacturing during the fourth quarter worth $30,000. UMB Bank n.a. grew its stake in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after purchasing an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake 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 worth $45,000 after purchasing an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated 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. This represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Performance

NYSE SSD traded down $0.99 during trading hours on Friday, hitting $154.51. The company had a trading volume of 163,093 shares, compared to its average volume of 271,811. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. 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 cap of $6.46 billion, a PE ratio of 20.33 and a beta of 1.34. The business has a 50 day moving average of $154.09 and a 200-day moving average of $165.42.

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 the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same quarter in the prior year, the firm posted $1.77 earnings per share. Simpson Manufacturing's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, July 3rd. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is currently 15.10%.

Analysts Set New Price Targets

A number of equities analysts recently commented on SSD shares. Robert W. Baird lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. DA Davidson decreased their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

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.