Treasurer of the State of North Carolina Grows Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Treasurer of the State of North Carolina lifted its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,630 shares of the construction company’s stock after buying an additional 110 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Simpson Manufacturing were worth $3,089,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Park Place Capital Corp purchased a new position in Simpson Manufacturing in the fourth quarter worth $29,000. R Squared Ltd purchased a new position in Simpson Manufacturing during the 4th quarter worth $30,000. UMB Bank n.a. raised its stake in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after buying an additional 97 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 95 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Simpson Manufacturing by 1,542.3% during the fourth quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company’s stock worth $71,000 after acquiring an additional 401 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson decreased their price objective 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. Robert W. Baird lowered their price objective 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.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Down 2.3 %

Shares of SSD stock opened at $146.51 on Thursday. 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 Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The firm has a market capitalization of $6.15 billion, a PE ratio of 19.28 and a beta of 1.33. The stock’s 50-day simple moving average is $159.20 and its 200-day simple moving average is $171.48.

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

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is presently 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.