Evoke Wealth LLC Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Evoke Wealth LLC bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,347 shares of the construction company’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSD. Contravisory Investment Management Inc. purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at $29,000. Headlands Technologies LLC purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at $37,000. GAMMA Investing LLC purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at $35,000. McGlone Suttner Wealth Management Inc. bought a new stake in Simpson Manufacturing during the fourth quarter valued at about $54,000. Finally, Byrne Asset Management LLC bought a new stake in Simpson Manufacturing during the fourth quarter valued at about $121,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 1.1 %

Shares of SSD stock opened at $165.92 on Monday. The stock has a 50 day moving average of $181.12 and a 200 day moving average of $185.84. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The stock has a market cap of $7.00 billion, a P/E ratio of 20.79 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a twelve month low of $117.08 and a twelve month high of $218.38.

Simpson Manufacturing (NYSE:SSDGet Free Report) last posted its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be given a $0.28 dividend. The ex-dividend date is Wednesday, July 3rd. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.68%. Simpson Manufacturing’s payout ratio is 13.53%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SSD. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Robert W. Baird lifted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th.

Get Our Latest Stock Report on Simpson Manufacturing

Insider Activity

In other news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now owns 5,033 shares of the company’s stock, valued at $861,347.62. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock worth $1,069,763 over the last three months. 0.42% of the stock is currently owned by corporate insiders.

About Simpson Manufacturing

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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