Raymond James Financial Inc. Purchases New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Raymond James Financial Inc. purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 329,517 shares of the construction company’s stock, valued at approximately $54,644,000.

A number of other institutional investors have also recently bought and sold shares of the business. New York Life Investment Management LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $738,000. Champlain Investment Partners LLC bought a new stake in Simpson Manufacturing in the third quarter valued at about $16,060,000. Diversified Trust Co acquired a new position in Simpson Manufacturing in the fourth quarter valued at about $591,000. Charles Schwab Investment Management Inc. boosted its position in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after buying an additional 6,585 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Simpson Manufacturing by 1.0% in the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock valued at $135,390,000 after buying an additional 7,351 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the business’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 transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Down 0.8 %

Shares of SSD stock opened at $163.67 on Tuesday. The firm has a fifty day moving average of $166.33 and a 200-day moving average of $177.14. 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 Co., Inc. has a 12-month low of $154.97 and a 12-month high of $210.08. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 21.54 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reduced their target price 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.