Raymond James Financial Services Advisors Inc. Boosts Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 41.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,136 shares of the construction company’s stock after acquiring an additional 2,386 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Simpson Manufacturing were worth $1,611,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its position in Simpson Manufacturing by 2.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,619,073 shares of the construction company’s stock valued at $506,435,000 after purchasing an additional 118,070 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Simpson Manufacturing by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 4,191,973 shares of the construction company’s stock worth $457,093,000 after acquiring an additional 27,350 shares in the last quarter. Capital International Investors raised its position in shares of Simpson Manufacturing by 9.5% in the 1st quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock worth $227,186,000 after acquiring an additional 180,856 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Simpson Manufacturing by 3.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,857,419 shares of the construction company’s stock worth $203,647,000 after acquiring an additional 59,800 shares in the last quarter. Finally, State Street Corp raised its position in shares of Simpson Manufacturing by 0.8% in the 2nd quarter. State Street Corp now owns 1,409,122 shares of the construction company’s stock worth $195,163,000 after acquiring an additional 11,773 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the sale, the executive vice president now owns 27,330 shares in the company, valued at approximately $5,033,092.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the sale, the director now owns 14,638 shares in the company, valued at approximately $2,817,522.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 850 shares of the company’s 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 in the company, valued at approximately $5,033,092.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,634 shares of company stock worth $927,460. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Trading Up 1.0 %

Shares of NYSE:SSD opened at $184.77 on Friday. The business’s 50-day moving average is $197.91 and its 200 day moving average is $176.57. Simpson Manufacturing Co., Inc. has a 1 year low of $108.35 and a 1 year high of $218.38. The firm has a market capitalization of $7.85 billion, a P/E ratio of 22.37 and a beta of 1.30. 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 posted its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). The firm had revenue of $501.70 million for the quarter, compared to analysts’ expectations of $482.98 million. Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 EPS. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.08 annualized dividend and a yield of 0.58%. Simpson Manufacturing’s payout ratio is presently 13.08%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SSD. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Robert W. Baird upped their target price on Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a research report on Tuesday, February 6th.

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.