Advantage Alpha Capital Partners LP Sells 663 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Advantage Alpha Capital Partners LP decreased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,895 shares of the construction company’s stock after selling 663 shares during the period. Advantage Alpha Capital Partners LP owned about 0.06% of Simpson Manufacturing worth $3,963,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Park Place Capital Corp purchased a new stake in Simpson Manufacturing in the 4th quarter valued at about $29,000. World Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $30,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $30,000. UMB Bank n.a. grew its stake in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after purchasing an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after purchasing an additional 95 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. DA Davidson lowered their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Robert W. Baird dropped their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th.

Insider Transactions at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Down 0.8 %

Shares of NYSE:SSD opened at $155.51 on Monday. The company has a market capitalization of $6.56 billion, a PE ratio of 20.46 and a beta of 1.39. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 12-month low of $152.74 and a 12-month high of $206.48. The business’s fifty day simple moving average is $165.38 and its 200-day simple moving average is $175.65.

Simpson Manufacturing (NYSE:SSD) last announced 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 net margin of 14.44% and a return on equity of 18.00%. As a group, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

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.