Atria Investments Inc Acquires 1,052 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Atria Investments Inc increased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,136 shares of the construction company’s stock after buying an additional 1,052 shares during the quarter. Atria Investments Inc’s holdings in Simpson Manufacturing were worth $2,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SSD. US Bancorp DE lifted its position in shares of Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after buying an additional 352 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Simpson Manufacturing by 27.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 5,100 shares of the construction company’s stock worth $975,000 after purchasing an additional 1,088 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Simpson Manufacturing by 13.1% in the 3rd quarter. QRG Capital Management Inc. now owns 3,785 shares of the construction company’s stock worth $724,000 after purchasing an additional 438 shares in the last quarter. Portside Wealth Group LLC acquired a new position in Simpson Manufacturing in the 3rd quarter worth about $202,000. Finally, Assetmark Inc. increased its holdings in Simpson Manufacturing by 16.3% in the 3rd quarter. Assetmark Inc. now owns 13,868 shares of the construction company’s stock worth $2,653,000 after purchasing an additional 1,944 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the firm’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 transaction of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

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

Simpson Manufacturing Price Performance

Shares of SSD opened at $165.02 on Monday. Simpson Manufacturing Co., Inc. has a 12-month low of $154.97 and a 12-month high of $218.38. The business has a 50-day simple moving average of $166.37 and a two-hundred day simple moving average of $177.24. 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 market cap of $6.96 billion, a PE ratio of 21.71 and a beta of 1.39.

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, 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%. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing’s payout ratio is 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.