FourThought Financial Partners LLC Cuts Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

FourThought Financial Partners LLC lessened its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,763 shares of the construction company’s stock after selling 79 shares during the quarter. FourThought Financial Partners LLC’s holdings in Simpson Manufacturing were worth $624,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in Simpson Manufacturing by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 348,277 shares of the construction company’s stock valued at $57,755,000 after acquiring an additional 12,187 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its position in shares of Simpson Manufacturing by 21.9% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 13,088 shares of the construction company’s stock worth $2,170,000 after acquiring an additional 2,355 shares during the last quarter. Hardy Reed LLC boosted its position in shares of Simpson Manufacturing by 16.4% in the fourth quarter. Hardy Reed LLC now owns 3,824 shares of the construction company’s stock worth $634,000 after acquiring an additional 539 shares during the last quarter. Private Advisor Group LLC acquired a new stake in shares of Simpson Manufacturing in the fourth quarter worth approximately $411,000. Finally, Truist Financial Corp lifted its position in Simpson Manufacturing by 3.3% during the fourth quarter. Truist Financial Corp now owns 17,394 shares of the construction company’s stock valued at $2,885,000 after buying an additional 552 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Up 1.9 %

SSD opened at $171.10 on Wednesday. The firm has a market capitalization of $7.21 billion, a P/E ratio of 22.51 and a beta of 1.35. The firm’s 50 day moving average is $167.28 and its 200-day moving average is $178.00. Simpson Manufacturing Co., Inc. has a 52-week low of $155.73 and a 52-week high of $218.38. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last issued 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%. Analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 250 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Simpson Manufacturing 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.