Robertson Stephens Wealth Management LLC Increases Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Robertson Stephens Wealth Management LLC grew its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 11.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,569 shares of the construction company’s stock after buying an additional 261 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Simpson Manufacturing were worth $426,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in SSD. Truist Financial Corp grew its stake in shares of Simpson Manufacturing by 426.8% during the 2nd quarter. Truist Financial Corp now owns 12,628 shares of the construction company’s stock valued at $2,128,000 after buying an additional 10,231 shares during the period. Park Avenue Securities LLC grew its stake in shares of Simpson Manufacturing by 6.1% during the 3rd quarter. Park Avenue Securities LLC now owns 2,010 shares of the construction company’s stock valued at $384,000 after buying an additional 115 shares during the period. GAMMA Investing LLC grew its stake in shares of Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after buying an additional 184 shares during the period. Inspire Investing LLC grew its stake in shares of Simpson Manufacturing by 4.0% during the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock valued at $466,000 after buying an additional 94 shares during the period. Finally, Procyon Advisors LLC grew its stake in shares of Simpson Manufacturing by 8.7% during the 3rd quarter. Procyon Advisors LLC now owns 2,332 shares of the construction company’s stock valued at $446,000 after buying an additional 187 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Down 1.4 %

Shares of Simpson Manufacturing stock opened at $165.42 on Friday. The company has a fifty day moving average price of $170.62 and a 200 day moving average price of $179.01. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a twelve month low of $155.73 and a twelve month high of $218.38. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 21.85 and a beta of 1.35.

Simpson Manufacturing Announces Dividend

The firm 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 of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by corporate 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.