Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Nia Impact Advisors LLC

Nia Impact Advisors LLC lessened its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 85,275 shares of the construction company's stock after selling 2,154 shares during the quarter. Simpson Manufacturing makes up approximately 4.6% of Nia Impact Advisors LLC's investment portfolio, making the stock its largest holding. Nia Impact Advisors LLC owned approximately 0.20% of Simpson Manufacturing worth $14,141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Simpson Manufacturing during the fourth quarter worth about $28,000. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth approximately $29,000. R Squared Ltd purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth approximately $30,000. UMB Bank n.a. grew its holdings in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after purchasing an additional 97 shares during the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Analyst Ratings Changes

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

Simpson Manufacturing Price Performance

Shares of SSD stock traded down $0.68 on Monday, reaching $163.24. The company's stock had a trading volume of 126,051 shares, compared to its average volume of 258,998. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 21.48 and a beta of 1.34. The stock's fifty day simple moving average is $154.04 and its 200-day simple moving average is $166.26. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. 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 (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.77 earnings per share. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.71%. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's payout ratio is presently 15.10%.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the company'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 $1,497,523.80. This represents a 10.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate 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.