Ipswich Investment Management Co. Inc. Raises Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Ipswich Investment Management Co. Inc. boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 21.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,088 shares of the construction company’s stock after purchasing an additional 2,355 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Simpson Manufacturing were worth $2,170,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Park Place Capital Corp acquired a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in Simpson Manufacturing in the 4th quarter worth $30,000. Prospera Private Wealth LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter worth $37,000. UMB Bank n.a. grew its holdings 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 buying an additional 97 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new stake in shares of Simpson Manufacturing during the third quarter worth $51,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Down 0.9 %

Shares of SSD opened at $169.04 on Friday. The stock has a market capitalization of $7.13 billion, a PE ratio of 22.24 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The company’s 50-day simple moving average is $167.73 and its 200-day simple moving average is $178.05.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Analysts forecast 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 announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.66%. Simpson Manufacturing’s dividend payout ratio (DPR) is 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.