Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 42.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,741 shares of the construction company’s stock after buying an additional 520 shares during the period. Avantax Advisory Services Inc.’s holdings in Simpson Manufacturing were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Park Place Capital Corp bought a new stake in Simpson Manufacturing in the fourth quarter worth about $29,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. Millburn Ridgefield Corp bought a new stake in Simpson Manufacturing during the third quarter worth approximately $51,000. Finally, V Square Quantitative Management LLC grew its position in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after buying an additional 95 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Simpson Manufacturing Price Performance

NYSE SSD opened at $160.40 on Wednesday. The stock has a 50-day simple moving average of $165.29 and a 200 day simple moving average of $175.49. Simpson Manufacturing Co., Inc. has a twelve month low of $152.74 and a twelve month high of $206.48. The stock has a market capitalization of $6.76 billion, a PE ratio of 21.11 and a beta of 1.39. 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 released its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. Simpson Manufacturing’s payout ratio is 14.74%.

Insider Activity

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

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.