AXQ Capital LP Boosts Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

AXQ Capital LP raised its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 125.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,501 shares of the construction company’s stock after purchasing an additional 1,947 shares during the quarter. AXQ Capital LP’s holdings in Simpson Manufacturing were worth $581,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Park Place Capital Corp purchased a new stake in Simpson Manufacturing in the fourth quarter valued at $29,000. World Investment Advisors LLC purchased a new stake in Simpson Manufacturing in the third quarter valued at $30,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $30,000. UMB Bank n.a. boosted its stake in shares of Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after acquiring an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Simpson Manufacturing during the 3rd quarter worth about $37,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SSD has been the topic of several recent analyst reports. 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 research note on Tuesday, March 11th. Robert W. Baird lowered their target price on shares of 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 Stock Down 0.8 %

SSD opened at $155.51 on Friday. Simpson Manufacturing Co., Inc. has a twelve month low of $152.74 and a twelve month high of $206.48. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $165.38 and a 200 day moving average price of $175.64. The company has a market cap of $6.56 billion, a PE ratio of 20.46 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Insider Buying and Selling

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

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.