Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia boosted its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 50,000 shares of the construction company’s stock after buying an additional 2,040 shares during the period. Bank of Nova Scotia owned 0.12% of Simpson Manufacturing worth $8,292,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Maren Capital LLC boosted its position in shares of Simpson Manufacturing by 19.1% in the fourth quarter. Maren Capital LLC now owns 287,652 shares of the construction company’s stock worth $47,701,000 after acquiring an additional 46,129 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Simpson Manufacturing by 27.3% in the 4th quarter. Bank of Montreal Can now owns 6,780 shares of the construction company’s stock valued at $1,124,000 after purchasing an additional 1,453 shares during the last quarter. Aristides Capital LLC grew its stake in shares of Simpson Manufacturing by 23.9% during the 4th quarter. Aristides Capital LLC now owns 3,999 shares of the construction company’s stock valued at $663,000 after buying an additional 771 shares during the period. Aster Capital Management DIFC Ltd increased its holdings in shares of Simpson Manufacturing by 66.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,932 shares of the construction company’s stock worth $320,000 after buying an additional 771 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Simpson Manufacturing by 17.6% in the 4th quarter. Federated Hermes Inc. now owns 378,094 shares of the construction company’s stock worth $62,699,000 after buying an additional 56,670 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $149.80 on Friday. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The firm’s fifty day simple moving average is $160.29 and its 200 day simple moving average is $172.22. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.75%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on SSD. Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. DA Davidson dropped their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 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.