Cetera Investment Advisers Buys 923 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Cetera Investment Advisers raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 27.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,313 shares of the construction company’s stock after purchasing an additional 923 shares during the period. Cetera Investment Advisers’ holdings in Simpson Manufacturing were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Quarry LP bought a new stake in Simpson Manufacturing in the fourth quarter worth $28,000. R Squared Ltd bought a new position in Simpson Manufacturing during the fourth quarter valued at $30,000. UMB Bank n.a. raised its stake in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after acquiring an additional 97 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 95 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Simpson Manufacturing by 1,542.3% in the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company’s stock worth $71,000 after acquiring an additional 401 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Performance

SSD stock opened at $154.51 on Monday. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 20.33 and a beta of 1.34. The business’s fifty day simple moving average is $154.09 and its two-hundred day simple moving average is $165.42. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm had revenue of $538.90 million for the quarter, compared to analysts’ expectations of $531.81 million. During the same period in the prior year, the business posted $1.77 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.75%. Simpson Manufacturing’s dividend payout ratio (DPR) is 15.10%.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SSD shares. DA Davidson cut their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird cut their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

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.