Louisiana State Employees Retirement System Takes $2.38 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Louisiana State Employees Retirement System bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 12,000 shares of the construction company’s stock, valued at approximately $2,376,000.

A number of other institutional investors also recently bought and sold shares of SSD. American Century Companies Inc. raised its holdings in Simpson Manufacturing by 5.8% during the first quarter. American Century Companies Inc. now owns 10,786 shares of the construction company’s stock valued at $1,176,000 after acquiring an additional 587 shares during the period. HighTower Advisors LLC raised its holdings in Simpson Manufacturing by 4.2% during the first quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock valued at $300,000 after acquiring an additional 111 shares during the period. AlphaCrest Capital Management LLC bought a new stake in Simpson Manufacturing during the first quarter valued at about $231,000. Bank of Montreal Can raised its holdings in Simpson Manufacturing by 4.0% during the first quarter. Bank of Montreal Can now owns 3,420 shares of the construction company’s stock valued at $389,000 after acquiring an additional 133 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Simpson Manufacturing by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,920 shares of the construction company’s stock valued at $1,736,000 after acquiring an additional 1,518 shares during the period. 93.68% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SSD has been the topic of a number of recent analyst reports. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Robert W. Baird raised their price target on Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th.

Simpson Manufacturing Trading Down 0.5 %

Shares of SSD stock opened at $184.58 on Wednesday. Simpson Manufacturing Co., Inc. has a 12-month low of $108.70 and a 12-month high of $218.38. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average price is $197.97 and its 200-day moving average price is $177.72. The stock has a market capitalization of $7.84 billion, a price-to-earnings ratio of 22.35 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.25). Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The firm had revenue of $501.70 million during the quarter, compared to the consensus estimate of $482.98 million. During the same period last year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.08 annualized dividend and a dividend yield of 0.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is 13.08%.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total value of $156,536.00. Following the sale, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at $5,033,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the sale, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at $5,033,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the sale, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,634 shares of company stock valued at $927,460. 0.42% of the stock is currently owned by insiders.

About Simpson Manufacturing

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.