Deutsche Bank AG raised its holdings in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 61.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,743 shares of the construction company’s stock after buying an additional 45,243 shares during the period. Deutsche Bank AG’s holdings in Simpson Manufacturing were worth $6,814,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of SSD. Macquarie Group Ltd. purchased a new stake in Simpson Manufacturing during the third quarter valued at about $103,000. Renaissance Technologies LLC purchased a new stake in Simpson Manufacturing during the fourth quarter valued at about $207,000. Shelton Capital Management purchased a new stake in Simpson Manufacturing during the fourth quarter valued at about $209,000. Everence Capital Management Inc. purchased a new stake in Simpson Manufacturing during the fourth quarter valued at about $229,000. Finally, Neuberger Berman Group LLC purchased a new stake in Simpson Manufacturing during the third quarter valued at about $230,000. Institutional investors and hedge funds own 88.51% of the company’s stock.
In other news, insider Psb Fund Simpson sold 3,665 shares of the stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $57.20, for a total transaction of $209,638.00. Following the completion of the sale, the insider now directly owns 719,269 shares in the company, valued at $41,142,186.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 122,841 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $58.90, for a total transaction of $7,235,334.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,219,986 shares of company stock valued at $71,111,119. 0.39% of the stock is currently owned by company insiders.
Several analysts have issued reports on the stock. DA Davidson lowered shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 price target for the company. in a research report on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and set a $64.00 target price on shares of Simpson Manufacturing in a report on Tuesday, January 9th. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 target price for the company in a report on Friday, February 9th. Finally, Sidoti initiated coverage on shares of Simpson Manufacturing in a report on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $63.75.
Simpson Manufacturing stock opened at $56.82 on Monday. The stock has a market cap of $2,652.64, a PE ratio of 28.70, a PEG ratio of 4.27 and a beta of 1.48. Simpson Manufacturing Co, Inc. has a 1-year low of $39.82 and a 1-year high of $61.62.
Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, February 5th. The construction company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). The firm had revenue of $231.68 million for the quarter, compared to analysts’ expectations of $224.47 million. Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.37 earnings per share. research analysts predict that Simpson Manufacturing Co, Inc. will post 2.66 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be issued a dividend of $0.21 per share. The ex-dividend date is Wednesday, April 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.48%. Simpson Manufacturing’s dividend payout ratio is currently 42.42%.
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About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.
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