19,070 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 19,070 shares of the construction company’s stock, valued at approximately $3,162,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSD. Park Place Capital Corp bought a new position in shares of Simpson Manufacturing in the fourth quarter worth about $29,000. World Investment Advisors LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at about $30,000. R Squared Ltd bought a new position in Simpson Manufacturing in the 4th quarter worth about $30,000. UMB Bank n.a. increased its position in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after acquiring an additional 97 shares during the period. Finally, Prospera Private Wealth LLC purchased a new position in shares of Simpson Manufacturing during the third quarter worth approximately $37,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

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 that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Trading Down 0.4 %

NYSE:SSD opened at $158.86 on Wednesday. The firm has a 50-day simple moving average of $165.47 and a 200-day simple moving average of $176.07. Simpson Manufacturing Co., Inc. has a one year low of $153.87 and a one year high of $208.12. The firm has a market cap of $6.70 billion, a P/E ratio of 20.90 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data 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%. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors 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 yield of 0.71%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is currently 14.74%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SSD. Robert W. Baird lowered their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. 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.

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.