FourThought Financial Partners LLC Sells 103 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

FourThought Financial Partners LLC cut its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,486 shares of the construction company’s stock after selling 103 shares during the quarter. FourThought Financial Partners LLC’s holdings in Simpson Manufacturing were worth $690,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of Simpson Manufacturing by 103.3% during the 4th quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company’s stock worth $2,009,000 after acquiring an additional 5,154 shares in the last quarter. Stansberry Asset Management LLC lifted its position in Simpson Manufacturing by 19.5% during the 3rd quarter. Stansberry Asset Management LLC now owns 27,128 shares of the construction company’s stock worth $4,064,000 after buying an additional 4,422 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Simpson Manufacturing by 12.3% during the 4th quarter. Anchor Capital Advisors LLC now owns 7,598 shares of the construction company’s stock worth $1,504,000 after buying an additional 830 shares during the last quarter. Planned Solutions Inc. bought a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $191,000. Finally, Trexquant Investment LP acquired a new stake in shares of Simpson Manufacturing in the third quarter valued at about $1,767,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Buying and Selling

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the sale, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the transaction, the director now directly owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,784 shares of company stock valued at $770,924. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday.

Simpson Manufacturing Stock Performance

NYSE SSD traded up $2.84 during trading on Friday, reaching $181.05. 228,708 shares of the company’s stock were exchanged, compared to its average volume of 412,556. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. The business has a 50 day moving average price of $193.89 and a 200-day moving average price of $180.65. The stock has a market capitalization of $7.69 billion, a P/E ratio of 22.69 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. During the same period in the previous year, the firm posted $2.05 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 13.53%.

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.