Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by Northern Trust Corp

Northern Trust Corp grew its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 21.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 551,986 shares of the construction company's stock after buying an additional 96,559 shares during the quarter. Northern Trust Corp owned 1.31% of Simpson Manufacturing worth $91,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York Life Investment Management LLC acquired a new stake in Simpson Manufacturing in the 4th quarter valued at about $738,000. Diversified Trust Co purchased a new position in Simpson Manufacturing in the fourth quarter worth approximately $591,000. Van ECK Associates Corp grew its holdings in Simpson Manufacturing by 29.3% during the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock worth $5,979,000 after acquiring an additional 8,170 shares in the last quarter. Financial Advocates Investment Management purchased a new stake in shares of Simpson Manufacturing in the 4th quarter valued at approximately $401,000. Finally, KBC Group NV lifted its position in shares of Simpson Manufacturing by 54.7% during the 4th quarter. KBC Group NV now owns 1,866 shares of the construction company's stock worth $309,000 after purchasing an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of SSD traded up $0.39 during mid-day trading on Wednesday, hitting $153.82. 196,849 shares of the company's stock were exchanged, compared to its average volume of 271,165. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The business's 50 day moving average is $153.93 and its two-hundred day moving average is $167.38. The firm has a market capitalization of $6.46 billion, a P/E ratio of 20.24 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results 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. The business had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The company's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 earnings per share. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.29 per share. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.75%. Simpson Manufacturing's dividend payout ratio is presently 14.58%.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The shares were 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 owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

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