Peterson Wealth Services Purchases 308 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Peterson Wealth Services lifted its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,953 shares of the construction company’s stock after acquiring an additional 308 shares during the quarter. Peterson Wealth Services’ holdings in Simpson Manufacturing were worth $821,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SSD. Kestra Private Wealth Services LLC lifted its stake in Simpson Manufacturing by 7.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,894 shares of the construction company’s stock worth $480,000 after purchasing an additional 199 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in shares of Simpson Manufacturing in the fourth quarter worth approximately $401,000. Robertson Stephens Wealth Management LLC lifted its stake in shares of Simpson Manufacturing by 11.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 2,569 shares of the construction company’s stock worth $426,000 after acquiring an additional 261 shares during the last quarter. Yorktown Management & Research Co Inc boosted its holdings in Simpson Manufacturing by 27.3% during the 4th quarter. Yorktown Management & Research Co Inc now owns 3,500 shares of the construction company’s stock valued at $580,000 after acquiring an additional 750 shares during the period. Finally, Stratos Wealth Partners LTD. grew its position in Simpson Manufacturing by 6.1% in the 4th quarter. Stratos Wealth Partners LTD. now owns 3,178 shares of the construction company’s stock valued at $527,000 after acquiring an additional 184 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 250 shares of the company’s 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 completion of the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at approximately $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 accessible through this link. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $166.93 on Tuesday. The company has a market capitalization of $7.04 billion, a P/E ratio of 22.05 and a beta of 1.35. The company’s 50-day simple moving average is $170.24 and its two-hundred day simple moving average is $178.89. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 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.