Anchor Capital Advisors LLC Purchases 160 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Anchor Capital Advisors LLC grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,241 shares of the construction company’s stock after purchasing an additional 160 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Simpson Manufacturing were worth $1,201,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of SSD. Riverbridge Partners LLC bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $58,414,000. FMR LLC increased its stake in Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after purchasing an additional 333,390 shares during the period. EP Wealth Advisors LLC increased its stake in Simpson Manufacturing by 1,020.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after purchasing an additional 127,345 shares during the period. Fisher Asset Management LLC increased its stake in Simpson Manufacturing by 67.2% in the 3rd quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company’s stock worth $41,976,000 after purchasing an additional 88,235 shares during the period. Finally, Champlain Investment Partners LLC purchased a new position in Simpson Manufacturing in the 3rd quarter worth approximately $16,060,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $164.14 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The business’s 50 day simple moving average is $167.03 and its two-hundred day simple moving average is $177.78. The stock has a market capitalization of $6.92 billion, a P/E ratio of 21.60 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 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on 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 directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was 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. Also, 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 value of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird decreased their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

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.