NorthRock Partners LLC Purchases New Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

NorthRock Partners LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,393 shares of the construction company's stock, valued at approximately $728,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP purchased a new position in Simpson Manufacturing in the fourth quarter valued at $28,000. Park Place Capital Corp acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $29,000. R Squared Ltd acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $30,000. UMB Bank n.a. raised its stake in 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 buying an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in 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 buying an additional 95 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity

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. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of SSD traded down $0.43 during midday trading on Monday, reaching $163.49. 279,517 shares of the stock were exchanged, compared to its average volume of 271,526. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 21.51 and a beta of 1.34. The business's 50-day moving average price is $154.04 and its 200 day moving average price is $166.26.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share 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 business had revenue of $538.90 million during 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 business's quarterly revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company 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 an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's payout ratio is presently 15.10%.

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.