Louisiana State Employees Retirement System Invests $2.38 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Louisiana State Employees Retirement System purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,000 shares of the construction company's stock, valued at approximately $2,376,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. 1832 Asset Management L.P. acquired a new stake in shares of Simpson Manufacturing during the 1st quarter worth approximately $27,000. Contravisory Investment Management Inc. bought a new stake in Simpson Manufacturing during the fourth quarter worth $29,000. Quantbot Technologies LP acquired a new stake in shares of Simpson Manufacturing in the 1st quarter valued at $30,000. Arlington Trust Co LLC bought a new position in shares of Simpson Manufacturing in the 3rd quarter valued at $31,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Simpson Manufacturing during the 3rd quarter worth $41,000. Institutional investors own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SSD. Robert W. Baird raised their price objective on Simpson Manufacturing from $198.00 to $205.00 and gave the company an "outperform" rating in a research note on Tuesday, February 6th. StockNews.com cut shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Wednesday, March 27th.

Simpson Manufacturing Trading Down 3.2 %

Shares of SSD stock traded down $5.92 during mid-day trading on Wednesday, reaching $178.80. 268,303 shares of the stock traded hands, compared to its average volume of 222,367. The stock's fifty day simple moving average is $197.89 and its two-hundred day simple moving average is $177.73. Simpson Manufacturing Co., Inc. has a 1-year low of $109.14 and a 1-year high of $218.38. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 21.65 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). The business had revenue of $501.70 million for the quarter, compared to analyst estimates of $482.98 million. Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The firm's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 0.60%. Simpson Manufacturing's payout ratio is 13.08%.

Insider Buying and Selling

In other news, EVP Roger Dankel sold 850 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total value of $156,536.00. Following the completion of the sale, the executive vice president now owns 27,330 shares of the company's stock, valued at $5,033,092.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the transaction, the director now owns 14,638 shares of the company's stock, valued at $2,817,522.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Dankel sold 850 shares of the company's stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the sale, the executive vice president now directly owns 27,330 shares in the company, valued at approximately $5,033,092.80. The disclosure for this sale can be found here. Insiders sold a total of 4,634 shares of company stock valued at $927,460 in the last three months. Insiders own 0.42% of the company's stock.

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.