5,380 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,380 shares of the construction company’s stock, valued at approximately $1,065,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $1,281,000. M&T Bank Corp lifted its holdings in shares of Simpson Manufacturing by 66.2% during the 4th quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock valued at $5,250,000 after purchasing an additional 10,564 shares during the last quarter. Natixis Advisors L.P. boosted its position in shares of Simpson Manufacturing by 4.6% in the 4th quarter. Natixis Advisors L.P. now owns 11,820 shares of the construction company’s stock worth $2,340,000 after purchasing an additional 522 shares in the last quarter. Robertson Stephens Wealth Management LLC purchased a new position in Simpson Manufacturing during the 4th quarter worth $210,000. Finally, Van ECK Associates Corp increased its position in Simpson Manufacturing by 34.3% during the 4th quarter. Van ECK Associates Corp now owns 12,164 shares of the construction company’s stock valued at $2,408,000 after buying an additional 3,109 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Phillip Burton sold 2,000 shares of the firm’s 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 sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the sale, the director now owns 14,638 shares in the company, valued at $2,817,522.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,784 shares of company stock worth $770,924. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

SSD has been the topic of a number of research analyst reports. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD traded down $3.16 during trading on Tuesday, hitting $180.07. The stock had a trading volume of 396,934 shares, compared to its average volume of 265,545. The stock has a 50-day simple moving average of $193.57 and a two-hundred day simple moving average of $181.33. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 22.96 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 12-month low of $117.08 and a 12-month high of $218.38. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million for the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 earnings per share. On average, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be given a dividend of $0.28 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 0.62%. The ex-dividend date is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 13.53%.

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.