Apollon Wealth Management LLC Acquires New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Apollon Wealth Management LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,468 shares of the construction company's stock, valued at approximately $1,281,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its stake in Simpson Manufacturing by 103.3% in the 4th quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company's stock valued at $2,009,000 after purchasing an additional 5,154 shares during the last quarter. M&T Bank Corp lifted its position in Simpson Manufacturing by 66.2% during the fourth quarter. M&T Bank Corp now owns 26,513 shares of the construction company's stock valued at $5,250,000 after purchasing an additional 10,564 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Simpson Manufacturing by 12.3% during the fourth quarter. Anchor Capital Advisors LLC now owns 7,598 shares of the construction company's stock valued at $1,504,000 after buying an additional 830 shares during the period. Stansberry Asset Management LLC raised its position in shares of Simpson Manufacturing by 19.5% in the 3rd quarter. Stansberry Asset Management LLC now owns 27,128 shares of the construction company's stock valued at $4,064,000 after purchasing an additional 4,422 shares during the last quarter. Finally, Planned Solutions Inc. acquired a new position in shares of Simpson Manufacturing in the fourth quarter worth about $191,000. Institutional investors own 93.68% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on SSD. StockNews.com lowered Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday, April 18th.

Insider Activity

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction on Monday, February 12th. The stock was 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 directly owns 14,638 shares of the company's stock, valued at $2,817,522.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the sale, the executive vice president now directly owns 28,764 shares of the company's stock, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. In the last three months, insiders sold 3,784 shares of company stock valued at $770,924. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Price Performance

NYSE SSD traded up $0.48 on Thursday, reaching $177.13. The company had a trading volume of 337,506 shares, compared to its average volume of 266,323. The firm's 50 day moving average price is $192.38 and its 200 day moving average price is $181.64. Simpson Manufacturing Co., Inc. has a 12 month low of $117.08 and a 12 month high of $218.38. The stock has a market capitalization of $7.52 billion, a PE ratio of 22.15 and a beta of 1.33. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. Simpson Manufacturing's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS. As a group, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.27. Simpson Manufacturing's dividend payout ratio is 13.53%.

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.