Simpson Manufacturing Co., Inc. (NYSE:SSD) Short Interest Down 11.6% in February

Simpson Manufacturing Co., Inc. (NYSE:SSD) saw a significant drop in short interest in February. As of February 15th, there was short interest totalling 752,400 shares, a drop of 11.6% from the January 31st total of 850,900 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 245,400 shares, the short-interest ratio is currently 3.1 days.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value 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. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.42% of the stock is owned by insiders.

Institutional Trading of Simpson Manufacturing

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York Life Investment Management LLC acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $738,000. Champlain Investment Partners LLC acquired a new position in Simpson Manufacturing in the 3rd quarter valued at about $16,060,000. Diversified Trust Co acquired a new position in Simpson Manufacturing in the 4th quarter valued at about $591,000. US Bancorp DE increased its position in Simpson Manufacturing by 9.1% in the 3rd 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 during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird cut 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 Stock Down 0.0 %

Simpson Manufacturing stock opened at $161.97 on Friday. The stock’s fifty day moving average is $166.53 and its two-hundred day moving average is $177.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing has a 1-year low of $154.97 and a 1-year high of $218.38. The stock has a market cap of $6.83 billion, a PE ratio of 21.31 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last posted its 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%. On average, sell-side analysts expect that Simpson Manufacturing will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd 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%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.74%.

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.