Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Yorktown Management & Research Co Inc

Yorktown Management & Research Co Inc increased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,500 shares of the construction company’s stock after purchasing an additional 750 shares during the quarter. Yorktown Management & Research Co Inc’s holdings in Simpson Manufacturing were worth $580,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Champlain Investment Partners LLC acquired a new stake in Simpson Manufacturing in the third quarter worth about $16,060,000. Diversified Trust Co acquired a new stake in Simpson Manufacturing in the fourth quarter worth about $591,000. US Bancorp DE lifted its holdings in Simpson Manufacturing by 9.1% in the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after purchasing an additional 352 shares during the period. International Assets Investment Management LLC raised its position in Simpson Manufacturing by 8,883.3% in the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after acquiring an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after acquiring an additional 6,585 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Insider Activity

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

NYSE SSD opened at $165.16 on Wednesday. The stock’s 50-day moving average price is $171.85 and its two-hundred day moving average price is $179.28. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $6.96 billion, a PE ratio of 21.82 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38.

Simpson Manufacturing Announces Dividend

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 issued 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 dividend yield of 0.68%. Simpson Manufacturing’s dividend payout ratio is 14.80%.

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.