Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by AXQ Capital LP

AXQ Capital LP raised its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 125.3% in the fourth quarter, Holdings Channel reports. The fund owned 3,501 shares of the construction company’s stock after buying an additional 1,947 shares during the period. AXQ Capital LP’s holdings in Simpson Manufacturing were worth $581,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Natixis Advisors LLC grew its stake in shares of Simpson Manufacturing by 18.5% in the 3rd quarter. Natixis Advisors LLC now owns 19,860 shares of the construction company’s stock valued at $3,799,000 after buying an additional 3,095 shares during the period. Quest Partners LLC purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $131,000. Pathstone Holdings LLC grew its stake in shares of Simpson Manufacturing by 2.5% in the 3rd quarter. Pathstone Holdings LLC now owns 20,252 shares of the construction company’s stock valued at $3,874,000 after buying an additional 498 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $37,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Simpson Manufacturing by 1.4% in the 3rd 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 during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SSD shares. 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 note on Tuesday, February 11th. DA Davidson lowered 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.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $155.51 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The stock has a market capitalization of $6.56 billion, a P/E ratio of 20.46 and a beta of 1.39. The company has a 50 day moving average price of $165.38 and a 200 day moving average price of $175.64. Simpson Manufacturing Co., Inc. has a fifty-two week low of $152.74 and a fifty-two week high of $206.48.

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

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. Simpson Manufacturing’s payout ratio is 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.