1,538 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 1,538 shares of the construction company’s stock, valued at approximately $304,000.

Other hedge funds have also recently bought and sold shares of the company. 1832 Asset Management L.P. bought a new stake in Simpson Manufacturing in the 1st quarter valued at about $27,000. Contravisory Investment Management Inc. bought a new stake in Simpson Manufacturing in the 4th quarter valued at about $29,000. Quantbot Technologies LP bought a new stake in Simpson Manufacturing in the 1st quarter valued at about $30,000. Arlington Trust Co LLC bought a new stake in Simpson Manufacturing in the 3rd quarter valued at about $31,000. Finally, International Assets Investment Management LLC bought a new stake in Simpson Manufacturing in the 3rd quarter valued at about $41,000. 93.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Robert W. Baird boosted 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.

Simpson Manufacturing Stock Up 0.1 %

SSD stock opened at $184.87 on Monday. Simpson Manufacturing Co., Inc. has a 52 week low of $108.35 and a 52 week high of $218.38. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 22.38 and a beta of 1.30. The firm’s 50-day moving average is $197.86 and its two-hundred day moving average is $177.23. 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 (NYSE:SSD) last released 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 for the quarter, compared to the consensus estimate of $482.98 million. During the same quarter last year, the firm posted $1.35 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.58%. Simpson Manufacturing’s payout ratio is currently 13.08%.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the transaction, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The disclosure for this sale can be found here. Insiders have sold 4,634 shares of company stock worth $927,460 in the last ninety days. 0.42% of the stock is currently owned by corporate insiders.

About Simpson Manufacturing

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.