KLP Kapitalforvaltning AS Purchases Shares of 9,000 Simpson Manufacturing Co., Inc. (NYSE:SSD)

KLP Kapitalforvaltning AS acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 9,000 shares of the construction company’s stock, valued at approximately $1,492,000.

A number of other large investors have also modified their holdings of SSD. Riverbridge Partners LLC acquired a new position in Simpson Manufacturing during the 4th quarter worth $58,414,000. FMR LLC increased its stake in shares of Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after buying an additional 333,390 shares during the period. Raymond James Financial Inc. acquired a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $54,644,000. EP Wealth Advisors LLC lifted its stake in Simpson Manufacturing by 1,020.1% in the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after acquiring an additional 127,345 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Simpson Manufacturing during the 4th quarter worth approximately $15,603,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SSD shares. Robert W. Baird reduced their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. DA Davidson cut their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $157.48 on Friday. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 20.72 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 52-week low of $152.74 and a 52-week high of $205.88. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average price of $164.76 and a 200 day moving average price of $175.17.

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, 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%. Research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is currently 14.74%.

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.