DekaBank Deutsche Girozentrale Acquires 2,140 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

DekaBank Deutsche Girozentrale grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 42,780 shares of the construction company’s stock after buying an additional 2,140 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Simpson Manufacturing were worth $8,526,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of Simpson Manufacturing by 103.3% in the fourth 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 period. Stansberry Asset Management LLC increased its holdings in Simpson Manufacturing by 19.5% during the 3rd quarter. Stansberry Asset Management LLC now owns 27,128 shares of the construction company’s stock worth $4,064,000 after acquiring an additional 4,422 shares during the period. Planned Solutions Inc. bought a new stake in Simpson Manufacturing during the 4th quarter worth approximately $191,000. Trexquant Investment LP bought a new stake in Simpson Manufacturing during the 3rd quarter worth approximately $1,767,000. Finally, Invesco Ltd. increased its holdings in Simpson Manufacturing by 309.3% during the 3rd quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock worth $72,340,000 after acquiring an additional 364,910 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $190.98 on Wednesday. The company’s fifty day moving average price is $197.90 and its 200-day moving average price is $176.47. The firm has a market capitalization of $8.11 billion, a price-to-earnings ratio of 23.12 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a one year low of $103.28 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11.

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

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.57%. Simpson Manufacturing’s dividend payout ratio (DPR) is 13.08%.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the 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 sale, the director now owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares in the company, valued at approximately $2,817,522.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now owns 4,044 shares of the company’s stock, valued at $854,861.16. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock valued at $927,460 in the last quarter. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SSD shares. Robert W. Baird upped their target price on shares of Simpson Manufacturing from $198.00 to $205.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

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.