28,675 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SSD. Norges Bank acquired a new position in Simpson Manufacturing during the 4th quarter worth approximately $73,758,000. Riverbridge Partners LLC acquired a new position in Simpson Manufacturing during the 4th quarter worth approximately $58,414,000. Raymond James Financial Inc. acquired a new position in Simpson Manufacturing during the 4th quarter worth approximately $54,644,000. Ameriprise Financial Inc. grew its holdings in Simpson Manufacturing by 90.4% during the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock worth $96,405,000 after acquiring an additional 275,989 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Simpson Manufacturing by 5,137.3% during the 4th quarter. Quantinno Capital Management LP now owns 270,349 shares of the construction company's stock worth $44,832,000 after acquiring an additional 265,187 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction 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 transaction, 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 this link. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Down 0.3%

Shares of Simpson Manufacturing stock opened at $163.49 on Tuesday. The company has a fifty day simple moving average of $154.17 and a 200-day simple moving average of $166.16. Simpson Manufacturing Co., Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 21.51 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results 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 business had revenue of $538.90 million during the quarter, compared to analysts' expectations of $531.81 million. During the same quarter in the prior year, the business posted $1.77 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS 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. Stockholders of record on Thursday, July 3rd will be issued a $0.29 dividend. 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. This represents a $1.16 annualized dividend and a dividend yield of 0.71%. Simpson Manufacturing's dividend payout ratio is presently 15.10%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. DA Davidson lowered their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird lowered 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.

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.

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