KBC Group NV Buys New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

KBC Group NV acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 795 shares of the construction company’s stock, valued at approximately $157,000.

Several other large investors have also made changes to their positions in SSD. Pacer Advisors Inc. raised its position in shares of Simpson Manufacturing by 103.3% during the fourth quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company’s stock valued at $2,009,000 after buying an additional 5,154 shares during the last quarter. Axiom Investors LLC DE raised its holdings in Simpson Manufacturing by 129.0% in the 4th quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock valued at $21,147,000 after acquiring an additional 60,178 shares in the last quarter. M&T Bank Corp lifted its position in shares of Simpson Manufacturing by 66.2% in the 4th quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock worth $5,250,000 after acquiring an additional 10,564 shares during the period. QRG Capital Management Inc. raised its stake in shares of Simpson Manufacturing by 8.6% in the fourth quarter. QRG Capital Management Inc. now owns 6,384 shares of the construction company’s stock valued at $1,264,000 after purchasing an additional 504 shares in the last quarter. Finally, Anchor Capital Advisors LLC boosted its stake in Simpson Manufacturing by 12.3% during the fourth quarter. Anchor Capital Advisors LLC now owns 7,598 shares of the construction company’s stock worth $1,504,000 after buying an additional 830 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SSD shares. Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Check Out Our Latest Report on Simpson Manufacturing

Simpson Manufacturing Price Performance

NYSE:SSD opened at $160.10 on Tuesday. The firm has a market cap of $6.75 billion, a PE ratio of 20.06 and a beta of 1.33. The company’s 50-day moving average price is $176.30 and its two-hundred day moving average price is $185.95. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. Simpson Manufacturing Co., Inc. has a 12 month low of $123.93 and a 12 month high of $218.38.

Simpson Manufacturing (NYSE:SSDGet Free Report) last posted its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. During the same period in the prior year, the firm posted $2.05 EPS. Simpson Manufacturing’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 13.53%.

Insider Activity

In other news, EVP Roger Dankel sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the sale, the executive vice president now directly owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now directly owns 5,033 shares in the company, valued at $861,347.62. The disclosure for this sale can be found here. Insiders have sold 3,600 shares of company stock valued at $646,983 over the last three months. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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