QRG Capital Management Inc. Purchases 1,330 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

QRG Capital Management Inc. raised its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 35.1% in the fourth quarter, Holdings Channel reports. The fund owned 5,115 shares of the construction company’s stock after buying an additional 1,330 shares during the quarter. QRG Capital Management Inc.’s holdings in Simpson Manufacturing were worth $848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Simpson Manufacturing by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock worth $74,000 after purchasing an additional 64 shares during the last quarter. CIBC Asset Management Inc increased its position in Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after buying an additional 64 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock worth $1,042,000 after buying an additional 88 shares during the last quarter. V Square Quantitative Management LLC boosted its position in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after acquiring an additional 95 shares during the period. Finally, UMB Bank n.a. grew 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 acquiring an additional 97 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the company’s 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 $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Roger Dankel sold 250 shares of the firm’s 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 transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Down 3.2 %

NYSE SSD opened at $159.11 on Tuesday. Simpson Manufacturing Co., Inc. has a twelve month low of $155.73 and a twelve month high of $218.38. The stock has a market cap of $6.71 billion, a PE ratio of 20.94 and a beta of 1.35. The firm has a 50-day simple moving average of $166.85 and a 200 day simple moving average of $177.71. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid 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 0.70%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

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.