3,588 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Illumine Investment Management LLC

Illumine Investment Management LLC purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,588 shares of the construction company’s stock, valued at approximately $595,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC lifted its position in shares of Simpson Manufacturing by 8,883.3% during the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after purchasing an additional 5,863 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Simpson Manufacturing by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue grew its stake in shares of Simpson Manufacturing by 5.8% in the third quarter. State of Alaska Department of Revenue now owns 4,899 shares of the construction company’s stock worth $937,000 after acquiring an additional 270 shares in the last quarter. Roubaix Capital LLC acquired a new position in shares of Simpson Manufacturing in the third quarter worth $4,051,000. Finally, US Bancorp DE raised its stake in shares of Simpson Manufacturing by 9.1% in the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after acquiring an additional 352 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 in the company, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Andersen sold 1,000 shares of the business’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 completion of the sale, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Trading Down 3.2 %

SSD opened at $163.44 on Friday. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 21.51 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38. The business’s 50 day moving average is $167.11 and its two-hundred day moving average is $177.83. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is currently 14.74%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reduced their price objective 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 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.