Mirae Asset Global Investments Co. Ltd. Buys 917 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,605 shares of the construction company’s stock after acquiring an additional 917 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Simpson Manufacturing were worth $4,079,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC raised 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 purchasing an additional 118,070 shares during the period. Vanguard Group Inc. raised its stake 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 period. Capital International Investors raised its stake 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 period. JPMorgan Chase & Co. raised its stake 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 period. Finally, State Street Corp raised its stake 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 period. 93.68% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction dated 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 approximately $854,861.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing 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 completion of the transaction, the executive vice president now owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was 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 approximately $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. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Trading Up 0.3 %

Shares of Simpson Manufacturing stock opened at $185.41 on Tuesday. Simpson Manufacturing Co., Inc. has a 52-week low of $108.70 and a 52-week high of $218.38. The stock’s 50-day simple moving average is $197.89 and its 200 day simple moving average is $177.48. The stock has a market capitalization of $7.87 billion, a P/E ratio of 22.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data 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). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The firm had revenue of $501.70 million during the quarter, compared to the consensus estimate of $482.98 million. During the same quarter in the prior year, the firm posted $1.35 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current year.

Simpson Manufacturing Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SSD shares. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Robert W. Baird boosted their price objective on Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th.

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.