Peterson Wealth Services Grows Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Peterson Wealth Services grew its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,953 shares of the construction company’s stock after acquiring an additional 308 shares during the quarter. Peterson Wealth Services’ holdings in Simpson Manufacturing were worth $821,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SSD. Champlain Investment Partners LLC acquired a new stake in Simpson Manufacturing in the third quarter valued at approximately $16,060,000. Diversified Trust Co acquired a new stake in shares of Simpson Manufacturing in the 4th quarter worth $591,000. US Bancorp DE grew its stake in Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after buying an additional 352 shares during the last quarter. International Assets Investment Management LLC increased its position in Simpson Manufacturing by 8,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after buying an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after buying an additional 6,585 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.9 %

NYSE SSD opened at $166.93 on Tuesday. Simpson Manufacturing Co., Inc. has a 12-month low of $155.73 and a 12-month high of $218.38. The company has a fifty day simple moving average of $170.24 and a two-hundred day simple moving average of $178.89. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The stock has a market cap of $7.04 billion, a P/E ratio of 22.05 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. On average, analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared 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 is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.67%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

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.