Oppenheimer Asset Management Inc. Purchases 10,916 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Oppenheimer Asset Management Inc. boosted its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 149.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,216 shares of the construction company’s stock after purchasing an additional 10,916 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Simpson Manufacturing were worth $3,021,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SSD. GAMMA Investing LLC increased its position in shares of Simpson Manufacturing by 16.8% during the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock worth $74,000 after acquiring an additional 64 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock valued at $216,000 after purchasing an additional 64 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Simpson Manufacturing by 1.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock worth $1,042,000 after purchasing an additional 88 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after purchasing an additional 95 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $164.14 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company has a fifty day moving average price of $167.03 and a 200-day moving average price of $177.81. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 21.60 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS 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%. As a group, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal 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 dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.74%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing 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 sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

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.