Wealth Enhancement Advisory Services LLC Trims Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Wealth Enhancement Advisory Services LLC reduced its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,682 shares of the construction company’s stock after selling 493 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Simpson Manufacturing were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Berkeley Inc purchased a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $4,116,000. Investment Management Corp VA ADV purchased a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $28,000. Burgundy Asset Management Ltd. boosted its position in shares of Simpson Manufacturing by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company’s stock valued at $104,545,000 after purchasing an additional 10,940 shares during the period. Novem Group purchased a new position in Simpson Manufacturing during the 4th quarter worth approximately $695,000. Finally, Voloridge Investment Management LLC purchased a new position in Simpson Manufacturing during the 4th quarter worth $11,940,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Down 0.9%

Simpson Manufacturing stock opened at $155.46 on Monday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 20.46 and a beta of 1.30. The stock’s fifty day moving average is $154.86 and its two-hundred day moving average is $162.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

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

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.75%. Simpson Manufacturing’s payout ratio is 15.10%.

Analyst Ratings Changes

Separately, DA Davidson cut their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Simpson Manufacturing Company 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.