Aigen Investment Management LP Buys New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Aigen Investment Management LP bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,037 shares of the construction company’s stock, valued at approximately $338,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Place Capital Corp bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at $29,000. World Investment Advisors LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter valued at $30,000. R Squared Ltd purchased a new stake in Simpson Manufacturing during the 4th quarter valued at $30,000. UMB Bank n.a. boosted its position in Simpson Manufacturing by 88.2% during the 4th 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 period. Finally, Prospera Private Wealth LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter valued at $37,000. Institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were 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 directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Up 1.9 %

Shares of SSD opened at $165.02 on Friday. The stock has a market capitalization of $6.96 billion, a P/E ratio of 21.71 and a beta of 1.39. 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 firm has a fifty day simple moving average of $166.37 and a two-hundred day simple moving average of $177.26. Simpson Manufacturing Co., Inc. has a twelve month low of $154.97 and a twelve month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share 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%. On average, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing’s dividend payout ratio is 14.74%.

Analyst Ratings Changes

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