Simpson Manufacturing Company, Inc. $SSD Shares Sold by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd decreased its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 67.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,774 shares of the construction company’s stock after selling 3,660 shares during the period. Aster Capital Management DIFC Ltd’s holdings in Simpson Manufacturing were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of Simpson Manufacturing by 10.0% during the third quarter. US Bancorp DE now owns 4,630 shares of the construction company’s stock worth $775,000 after purchasing an additional 419 shares during the period. TD Asset Management Inc boosted its holdings in shares of Simpson Manufacturing by 46.6% in the 3rd quarter. TD Asset Management Inc now owns 5,798 shares of the construction company’s stock valued at $971,000 after acquiring an additional 1,842 shares during the last quarter. Granite Investment Partners LLC boosted its holdings in shares of Simpson Manufacturing by 1.8% in the 3rd quarter. Granite Investment Partners LLC now owns 15,601 shares of the construction company’s stock valued at $2,613,000 after acquiring an additional 271 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of Simpson Manufacturing by 0.4% in the third quarter. Vestmark Advisory Solutions Inc. now owns 29,220 shares of the construction company’s stock worth $4,893,000 after acquiring an additional 111 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of Simpson Manufacturing by 61.3% during the third quarter. Citigroup Inc. now owns 44,415 shares of the construction company’s stock worth $7,438,000 after purchasing an additional 16,881 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, Director Philip E. Donaldson sold 2,375 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $168.16, for a total value of $399,380.00. Following the sale, the director directly owned 6,086 shares of the company’s stock, valued at $1,023,421.76. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $193.57 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.99 and a current ratio of 3.54. The firm has a fifty day moving average of $184.19 and a 200 day moving average of $178.99. The firm has a market cap of $8.03 billion, a PE ratio of 23.46 and a beta of 1.37. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $211.98.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, February 9th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The business had revenue of $539.35 million for the quarter, compared to analyst estimates of $530.70 million. During the same quarter last year, the business earned $1.31 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is presently 14.06%.

Analyst Ratings Changes

SSD has been the topic of several analyst reports. Wall Street Zen raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Stephens set a $200.00 target price on Simpson Manufacturing in a report on Tuesday, February 10th. Weiss Ratings upgraded Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 12th. Robert W. Baird set a $222.00 target price on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Finally, DA Davidson increased their price target on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Simpson Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.33.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.