Envestnet Portfolio Solutions Inc. Buys 1,029 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Envestnet Portfolio Solutions Inc. grew its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 30.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,431 shares of the construction company’s stock after buying an additional 1,029 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Simpson Manufacturing were worth $735,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. New York Life Investment Management LLC acquired a new position in Simpson Manufacturing in the 4th quarter worth about $738,000. Diversified Trust Co bought a new position in Simpson Manufacturing in the 4th quarter valued at approximately $591,000. Charles Schwab Investment Management Inc. boosted its position in Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after buying an additional 6,585 shares during the period. Geode Capital Management LLC grew its holdings in Simpson Manufacturing by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after acquiring an additional 7,351 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in Simpson Manufacturing by 29.3% in the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company’s stock valued at $5,979,000 after acquiring an additional 8,170 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated 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 owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $159.88 on Tuesday. The company has a fifty day moving average of $165.37 and a 200-day moving average of $175.57. Simpson Manufacturing Co., Inc. has a twelve month low of $152.74 and a twelve month high of $206.48. The firm has a market capitalization of $6.74 billion, a P/E ratio of 21.04 and a beta of 1.39. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results 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 18.00% and a net margin of 14.44%. As a group, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is presently 14.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SSD shares. Robert W. Baird cut their price target 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. DA Davidson lowered their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research 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.