Genesis Private Wealth LLC Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Genesis Private Wealth LLC purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,454 shares of the construction company’s stock, valued at approximately $241,000.

A number of other institutional investors have also modified their holdings of SSD. World Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $30,000. V Square Quantitative Management LLC bought a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $34,000. UMB Bank n.a. boosted its holdings in shares of Simpson Manufacturing by 88.2% in 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 in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $37,000. Finally, Millburn Ridgefield Corp purchased a new position in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $51,000. 93.68% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction that occurred 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 directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $171.26 on Wednesday. The firm has a market capitalization of $7.22 billion, a P/E ratio of 22.62 and a beta of 1.35. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $175.14 and a 200 day moving average price of $180.04. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analysts’ expectations of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.43 earnings per share. Sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. 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, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

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.