4,189 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by Novem Group

Novem Group acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,189 shares of the construction company's stock, valued at approximately $695,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $28,000. Park Place Capital Corp purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $29,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $30,000. UMB Bank n.a. grew its position in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares during the period. Finally, V Square Quantitative Management LLC grew its position in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 93.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Robert W. Baird reduced their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. DA Davidson reduced their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Down 0.6%

Shares of NYSE:SSD traded down $0.99 during trading on Friday, hitting $154.51. The company's stock 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 fifty-two week low of $137.35 and a fifty-two week high of $197.82. The stock's 50-day moving average price is $154.09 and its two-hundred day moving average price is $165.57. The company has a market capitalization of $6.46 billion, a PE ratio of 20.33 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, topping 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 business had revenue of $538.90 million for the quarter, compared to analysts' expectations of $531.81 million. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The company's revenue was up 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current 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 dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 0.75%. Simpson Manufacturing's dividend payout ratio is 15.10%.

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.