Peterson Wealth Services Sells 3,557 Shares of Simpson Manufacturing Company, Inc. $SSD

Peterson Wealth Services lessened its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 72.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,361 shares of the construction company’s stock after selling 3,557 shares during the period. Peterson Wealth Services’ holdings in Simpson Manufacturing were worth $228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SSD. EverSource Wealth Advisors LLC lifted its holdings in shares of Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after acquiring an additional 92 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Simpson Manufacturing in the second quarter worth approximately $31,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter worth $56,000. Putney Financial Group LLC grew its holdings in Simpson Manufacturing by 238.4% during the 2nd quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock worth $59,000 after acquiring an additional 267 shares in the last quarter. Finally, Sprucegrove Investment Management Ltd. bought a new position in shares of Simpson Manufacturing during the second quarter valued at approximately $62,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Up 1.8%

Shares of SSD opened at $182.89 on Wednesday. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The stock has a market cap of $7.58 billion, a PE ratio of 22.28 and a beta of 1.37. The company has a quick ratio of 1.88, a current ratio of 3.35 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average is $172.92 and its two-hundred day moving average is $175.86.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.13%.

Analyst Ratings Changes

Several analysts have commented on SSD shares. DA Davidson set a $190.00 price target on shares of Simpson Manufacturing in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, January 21st. Finally, Robert W. Baird increased their price target on Simpson Manufacturing from $190.00 to $212.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $201.00.

Insider Activity

In other news, Director Philip E. Donaldson sold 2,375 shares of Simpson Manufacturing stock in a transaction on Friday, December 12th. The stock was sold at an average price of $168.16, for a total transaction of $399,380.00. Following the transaction, the director owned 6,086 shares in the company, valued at $1,023,421.76. The trade was a 28.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.39% of the stock is owned by company insiders.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.