Peterson Wealth Services Has $708,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Peterson Wealth Services grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 175.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,453 shares of the construction company’s stock after purchasing an additional 2,200 shares during the quarter. Peterson Wealth Services’ holdings in Simpson Manufacturing were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in Simpson Manufacturing by 103.3% in the 4th quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company’s stock valued at $2,009,000 after buying an additional 5,154 shares in the last quarter. Axiom Investors LLC DE lifted its position in shares of Simpson Manufacturing by 129.0% during the fourth quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock worth $21,147,000 after acquiring an additional 60,178 shares in the last quarter. Epoch Investment Partners Inc. lifted its position in shares of Simpson Manufacturing by 250.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock worth $64,433,000 after acquiring an additional 232,600 shares in the last quarter. M&T Bank Corp lifted its position in shares of Simpson Manufacturing by 66.2% during the fourth quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock worth $5,250,000 after acquiring an additional 10,564 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Simpson Manufacturing by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 4,208,812 shares of the construction company’s stock worth $833,261,000 after buying an additional 49,142 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Down 1.1 %

Shares of NYSE:SSD traded down $1.80 on Friday, reaching $162.45. 226,886 shares of the company traded hands, compared to its average volume of 562,606. The business’s 50-day simple moving average is $169.86 and its 200 day simple moving average is $184.51. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The stock has a market capitalization of $6.85 billion, a P/E ratio of 20.36 and a beta of 1.32. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be issued a dividend of $0.28 per share. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.04%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now directly owns 5,033 shares in the company, valued at $861,347.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Simpson Manufacturing news, EVP Roger Dankel sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the sale, the executive vice president now directly owns 26,764 shares of the company’s stock, valued at approximately $4,687,179.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Jennifer Lutz sold 750 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $171.14, for a total value of $128,355.00. Following the sale, the executive vice president now directly owns 5,033 shares in the company, valued at $861,347.62. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th.

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.