Nomura Holdings Inc. acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,595 shares of the construction company's stock, valued at approximately $928,000.
A number of other large investors also recently modified their holdings of the company. NorthRock Partners LLC bought a new stake in Simpson Manufacturing during the 4th quarter valued at $728,000. Numerai GP LLC purchased a new position in Simpson Manufacturing during the 4th quarter valued at about $1,360,000. Cetera Investment Advisers boosted its holdings in Simpson Manufacturing by 27.2% in the fourth quarter. Cetera Investment Advisers now owns 4,313 shares of the construction company's stock valued at $715,000 after acquiring an additional 923 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Simpson Manufacturing in the fourth quarter valued at $2,172,000. Finally, Captrust Financial Advisors lifted its holdings in Simpson Manufacturing by 286.1% in the fourth quarter. Captrust Financial Advisors now owns 19,481 shares of the construction company's stock worth $3,231,000 after buying an additional 14,435 shares during the period. 93.68% of the stock is currently owned by institutional investors.
Simpson Manufacturing Stock Performance
Shares of NYSE:SSD traded down $0.99 during midday trading on Friday, reaching $154.51. The company's stock had a trading volume of 163,093 shares, compared to its average volume of 271,811. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. 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 firm has a market capitalization of $6.46 billion, a PE ratio of 20.33 and a beta of 1.34. The stock has a fifty day moving average of $154.09 and a 200 day moving average of $165.42.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating 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 firm had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same period in the prior year, the company earned $1.77 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.
Simpson Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. 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 annualized dividend and a yield of 0.75%. Simpson Manufacturing's dividend payout ratio (DPR) is 15.10%.
Insiders Place Their Bets
In other news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by insiders.
Analyst Ratings Changes
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 decreased their target price 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.
Read Our Latest Research Report on SSD
Simpson Manufacturing Company Profile
(
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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