Planned Solutions Inc. Invests $191,000 in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Planned Solutions Inc. purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 965 shares of the construction company’s stock, valued at approximately $191,000.

A number of other institutional investors have also recently added to or reduced their stakes in SSD. Morgan Stanley lifted its stake in Simpson Manufacturing by 246.2% in the fourth quarter. Morgan Stanley now owns 517,900 shares of the construction company’s stock valued at $45,917,000 after acquiring an additional 368,325 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Simpson Manufacturing by 309.3% in the third quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock worth $72,340,000 after buying an additional 364,910 shares during the last quarter. FMR LLC increased its position in Simpson Manufacturing by 48.6% during the third quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock worth $157,473,000 after acquiring an additional 343,986 shares during the period. Norges Bank bought a new position in Simpson Manufacturing during the fourth quarter worth $29,418,000. Finally, Rockefeller Capital Management L.P. increased its holdings in Simpson Manufacturing by 713.0% in the 1st quarter. Rockefeller Capital Management L.P. now owns 324,045 shares of the construction company’s stock valued at $35,527,000 after buying an additional 284,188 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Roger Dankel sold 850 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Phillip Burton sold 2,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,634 shares of company stock worth $927,460. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 1.5 %

Shares of NYSE SSD opened at $202.91 on Thursday. The firm’s 50-day simple moving average is $195.48 and its 200 day simple moving average is $173.50. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 24.57 and a beta of 1.31. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. Simpson Manufacturing Co., Inc. has a 12-month low of $102.13 and a 12-month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The business had revenue of $501.70 million for the quarter, compared to analyst estimates of $482.98 million. During the same quarter in the previous year, the company posted $1.35 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $1.08 dividend on an annualized basis and a yield of 0.53%. Simpson Manufacturing’s payout ratio is presently 13.08%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SSD shares. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday.

Simpson Manufacturing Company 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.