Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. raised its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 71.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,485 shares of the construction company’s stock after acquiring an additional 1,450 shares during the quarter. Congress Asset Management Co.’s holdings in Simpson Manufacturing were worth $578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Park Place Capital Corp acquired a new position in Simpson Manufacturing in the 4th quarter valued at $29,000. World Investment Advisors LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter worth $30,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $30,000. V Square Quantitative Management LLC purchased a new position in shares of Simpson Manufacturing in the third quarter worth about $34,000. Finally, UMB Bank n.a. boosted its position in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity

In related news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird cut their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $176.58 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The business’s 50 day moving average price is $168.66 and its 200 day moving average price is $178.17. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 23.33 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results 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 net margin of 14.51% and a return on equity of 18.29%. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

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.