KLP Kapitalforvaltning AS Invests $1.49 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

KLP Kapitalforvaltning AS purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 9,000 shares of the construction company’s stock, valued at approximately $1,492,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing in the 4th quarter valued at approximately $29,000. World Investment Advisors LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth $30,000. R Squared Ltd purchased a new position in Simpson Manufacturing in the 4th quarter valued at $30,000. UMB Bank n.a. increased its stake in 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 during the period. Finally, V Square Quantitative Management LLC raised its position in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Trading Down 0.9 %

NYSE:SSD opened at $157.48 on Friday. Simpson Manufacturing Co., Inc. has a 1 year low of $152.74 and a 1 year high of $205.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The stock has a fifty day moving average price of $164.76 and a two-hundred day moving average price of $175.17. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 20.72 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last announced 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%. As a group, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently declared 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SSD shares. DA Davidson lowered their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird lowered their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th.

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.