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The Teacher Retirement System of Texas increased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 127.5% in the third quarter, according to the company’s latest disclosure to the Securities and Exchange Commission. The house owned 16,156 shares of the construction company’s stock after purchasing an additional 9,054 shares during the quarter. Teacher Retirement System of Texas’ stake in Simpson Manufacturing was valued at $1,267,000 at the end of the most recent reporting period.
Recently, many other hedge funds have also bought and sold shares in SSD. Parallel Advisors LLC increased his Simpson Manufacturing stock position by 174.3% in the second quarter. Parallel Advisors LLC now owns 277 shares of the construction company worth $28,000 after purchasing an additional 176 shares of him last quarter. Quantbot Technologies LP acquired a new stake in Simpson Manufacturing worth approximately $30,000 in the first quarter. Northwestern Mutual Wealth Management Co. increased its position in Simpson Manufacturing stock by 45.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 354 shares of construction company stock valued at $35,000 after purchasing an additional 110 shares during the previous quarter. Nisa Investment Advisors LLC acquired a new stake in Simpson Manufacturing worth approximately $36,000 in the second quarter. Finally, Wipfli Financial Advisors LLC acquired new shares in Simpson Manufacturing worth approximately $37,000 in the third quarter. Currently 91.47% of the shares are owned by institutional investors.
Insider trading at Simpson Manufacturing
In other news, CFO Brian J. Magstadt sold 2,500 shares of Simpson Manufacturing on Friday, January 13th. The shares sold for a total of $250,000.00 at an average price of $100.00. After the transaction, the Chief Financial Officer now owns 17,547 shares in the company, valued at approximately $1,754,700. The sale is disclosed in SEC filings available on his website. The insider owns his 0.60% of the company’s shares.
The price/performance ratio of Simpsons manufacturing
NYSE SSD shares opened at $103.21 on Tuesday. The stock has a market cap of $4.4 billion, a PE ratio of 12.89 and a beta of 1.17. The company has a debt to equity ratio of 0.49, a current ratio of 3.56 and a quick ratio of 2.00. The 50-day moving average price for this business is $94.43 and the 200-day moving average price is $92.19. Simpson Manufacturing Co., Inc. has a 52-week low of $75.25 and a 52-week high of $124.48.
Simpson Manufacturing Announces Dividend
The company recently announced a quarterly dividend payable on Thursday, April 27th. Dividends of $0.26 will be issued to shareholders of record on Thursday, April 6. The ex-dividend date for this dividend is April 5 (Wednesday). This represents his $1.04 dividend and his 1.01% yield on an annualized basis. Simpson Manufacturing currently has a payout ratio of 12.98%.
Analyst Rating Change
Recently, several research firms have looked into SSDs. TheStreet downgraded Simpson’s manufacturing from a ‘b-‘ rating to a ‘c+’ rating in a report on Monday, October 31. DA Davidson, in a report on Tuesday, Oct. 25, lowered Simpson Manufacturing’s target price from $123.00 to his $90.00 and set the company’s rating to “neutral.” Finally, StockNews.com raised Simpson Manufacturing’s rating from “hold” to “buy” in his Friday, November 18 report. One Equity Research her analyst gave the stock a hold rating and three issued a buy rating on the stock. According to MarketBeat data, the company’s current consensus rating is “moderate buy” with an average price target of $129.00.
Simpson Manufacturing Company Profile
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Simpson Manufacturing Co, Inc is engaged in the manufacturing and marketing of building and construction solutions. Provides wood construction products, including connectors, truss plates, fastening systems, and lateral systems used primarily to strengthen, support, and connect wood applications in residential and commercial construction, and do-it-yourself (DIY) projects, concrete . Construction products such as anchors, repairs, protection and reinforcement products for concrete, brick and masonry applications in industrial, infrastructure, residential commercial and DIY projects.
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