Harfst & Associates Inc. Increases Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Harfst & Associates Inc. boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,666 shares of the construction company’s stock after buying an additional 339 shares during the quarter. Harfst & Associates Inc.’s holdings in Simpson Manufacturing were worth $2,598,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake in Simpson Manufacturing by 16.8% during the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock worth $74,000 after buying an additional 64 shares during the period. CIBC Asset Management Inc boosted its stake in Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after buying an additional 64 shares during the period. Pacer Advisors Inc. boosted its stake in Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock worth $1,042,000 after buying an additional 88 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after purchasing an additional 95 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price objective 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.

Insider Activity at Simpson Manufacturing

In related 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 value of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Trading Down 1.4 %

NYSE SSD opened at $168.76 on Thursday. The firm has a 50 day simple moving average of $167.22 and a 200-day simple moving average of $177.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38. The firm has a market cap of $7.12 billion, a price-to-earnings ratio of 22.21 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data 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 anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS 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. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.66%. Simpson Manufacturing’s dividend payout ratio (DPR) 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.