14,255 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by Vest Financial LLC

Vest Financial LLC purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,255 shares of the construction company's stock, valued at approximately $2,239,000.

Several other institutional investors also recently modified their holdings of SSD. Quarry LP acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $28,000. Investment Management Corp VA ADV acquired a new stake in shares of Simpson Manufacturing during the fourth quarter valued at about $28,000. V Square Quantitative Management LLC boosted 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 valued at $45,000 after purchasing an additional 95 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Simpson Manufacturing by 1,542.3% during the fourth quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company's stock worth $71,000 after purchasing an additional 401 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Simpson Manufacturing by 64.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 437 shares of the construction company's stock valued at $72,000 after buying an additional 171 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 1.4%

SSD stock traded up $2.15 during midday trading on Monday, hitting $158.94. The stock had a trading volume of 164,527 shares, compared to its average volume of 271,431. 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 firm has a market cap of $6.65 billion, a P/E ratio of 20.91 and a beta of 1.30. The business has a fifty day moving average price of $153.77 and a two-hundred day moving average price of $163.58. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The company had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. During the same period in the previous year, the business earned $1.77 EPS. The firm's revenue was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.29 per share. This is an increase 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 dividend yield of 0.73%. Simpson Manufacturing's dividend payout ratio (DPR) is 15.10%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note 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 research report on Tuesday, March 11th.

Simpson Manufacturing Company 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.