SG Americas Securities LLC Increases Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

SG Americas Securities LLC increased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 32.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,216 shares of the construction company’s stock after buying an additional 300 shares during the quarter. SG Americas Securities LLC’s holdings in Simpson Manufacturing were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of 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 worth $506,435,000 after acquiring an additional 118,070 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Simpson Manufacturing by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,191,973 shares of the construction company’s stock worth $457,093,000 after purchasing an additional 27,350 shares during the last quarter. Capital International Investors raised its position in shares of Simpson Manufacturing by 9.5% during the 1st quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock worth $227,186,000 after purchasing an additional 180,856 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Simpson Manufacturing by 3.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,857,419 shares of the construction company’s stock worth $203,647,000 after purchasing an additional 59,800 shares during the last quarter. Finally, State Street Corp raised its position in shares of Simpson Manufacturing by 0.8% during the 2nd quarter. State Street Corp now owns 1,409,122 shares of the construction company’s stock worth $195,163,000 after purchasing an additional 11,773 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Up 1.0 %

SSD stock opened at $184.77 on Friday. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 22.37 and a beta of 1.30. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. Simpson Manufacturing Co., Inc. has a 12 month low of $108.35 and a 12 month high of $218.38. The firm has a 50-day moving average of $197.91 and a two-hundred day moving average of $176.57.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm 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 EPS. As a group, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Transactions at Simpson Manufacturing

In other news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $2,817,522.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 27,330 shares in the company, valued at approximately $5,033,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer Chatman sold 934 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock worth $927,460 in the last 90 days. Insiders own 0.42% of the company’s stock.

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.