Oppenheimer Asset Management Inc. Buys 10,916 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Oppenheimer Asset Management Inc. increased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 149.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,216 shares of the construction company’s stock after acquiring an additional 10,916 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Simpson Manufacturing were worth $3,021,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Park Place Capital Corp purchased a new stake in Simpson Manufacturing in the 4th quarter worth approximately $29,000. R Squared Ltd purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at $30,000. Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing in the third quarter worth $37,000. UMB Bank n.a. raised its position 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 worth $34,000 after buying an additional 97 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in Simpson Manufacturing during the third quarter valued at $51,000. 93.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $164.14 on Friday. The firm has a market capitalization of $6.92 billion, a PE ratio of 21.60 and a beta of 1.35. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. The business’s 50-day moving average price is $167.03 and its 200-day moving average price is $177.81.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is presently 14.74%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

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.