Genesis Private Wealth LLC Takes $241,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Genesis Private Wealth LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,454 shares of the construction company’s stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. raised 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 acquiring an additional 97 shares during the period. Outlook Wealth Advisors LLC purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $362,000. Park Avenue Securities LLC raised its stake in shares of Simpson Manufacturing by 24.7% in the fourth quarter. Park Avenue Securities LLC now owns 2,506 shares of the construction company’s stock valued at $416,000 after acquiring an additional 496 shares during the period. PFW Advisors LLC purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $492,000. Finally, Diversified Trust Co purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $591,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 1.5 %

SSD stock opened at $171.26 on Wednesday. The company has a market capitalization of $7.22 billion, a PE ratio of 22.62 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. The firm’s 50-day moving average is $175.14 and its 200 day moving average is $180.04. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results 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 return on equity of 18.29% and a net margin of 14.51%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.43 EPS. On average, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

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.