EP Wealth Advisors LLC Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

EP Wealth Advisors LLC purchased a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,439 shares of the construction company’s stock, valued at approximately $2,463,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TD Asset Management Inc grew its position in shares of Simpson Manufacturing by 517.1% in the 4th quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock worth $109,911,000 after acquiring an additional 465,193 shares in the last quarter. Norges Bank acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $81,069,000. Invesco Ltd. lifted its position in shares of Simpson Manufacturing by 309.3% in the 3rd quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock worth $72,340,000 after buying an additional 364,910 shares during the last quarter. FMR LLC boosted its holdings in shares of Simpson Manufacturing by 48.6% in the 3rd quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock valued at $157,473,000 after buying an additional 343,986 shares during the period. Finally, Epoch Investment Partners Inc. grew its position in shares of Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after buying an additional 232,600 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Jennifer Lutz sold 750 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the sale, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at $861,347.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the transaction, the executive vice president now owns 26,764 shares in the company, valued at approximately $4,687,179.32. The disclosure for this sale can be found here. In the last three months, insiders sold 3,600 shares of company stock valued at $646,983. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE:SSD traded down $1.81 during mid-day trading on Friday, hitting $162.50. The stock had a trading volume of 207,534 shares, compared to its average volume of 265,290. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of 20.36 and a beta of 1.32. The company has a 50 day simple moving average of $173.75 and a 200-day simple moving average of $185.63.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same quarter in the prior year, the firm posted $2.05 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. On average, 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 represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s payout ratio is 13.53%.

Analyst Ratings Changes

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

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.