Yousif Capital Management LLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 8.6% in the third quarter, according to its latest disclosure to the Securities and Exchange Commission. says so. The institutional investor owned his 22,530 shares of the construction company’s stock after selling his 2,111 shares during the quarter. Yousif Capital Management LLC owned approximately 0.05% of Simpson Manufacturing worth $1,766,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also buy and sell shares in the company. Parallel Advisors LLC increased his stake in Simpson Manufacturing by 174.3% in the second quarter. Parallel Advisors LLC now owns 277 shares of construction company stock valued at $28,000 after purchasing an additional 176 shares during this period. Quantbot Technologies LP bought a new stake in Simpson Manufacturing for his $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 purchased his $36,000 worth of new positions in Simpson Manufacturing shares in the second quarter. Finally, Wipfli Financial Advisors LLC purchased a new position in Simpson Manufacturing stock for $37,000 in the third quarter. Institutional investors and hedge funds own 91.47% of the company’s shares.
Insider activity at Simpson Manufacturing
In another news from Simpson Manufacturing, CFO Brian J. Magstadt sold 2,500 shares of the company’s stock in a transaction that took place on Friday, January 13th. The shares sold for a total of $250,000.00 at an average price of $100.00. After the sale, the Chief Financial Officer now owns 17,547 shares of the company stock valued at $1,754,700. The sale is disclosed in filings with the SEC, which can be accessed on his website. His 0.60% of shares are now owned by insiders.
Analyst sets new price target
Recently, many brokerage firms are considering SSDs. DA Davidson lowered Simpson Manufacturing’s price target from his $123.00 to his $90.00 in a report on Tuesday, Oct. 25, giving the stock a “neutral” rating. TheStreet downgraded Simpson’s manufacturing from a ‘b-‘ rating to a ‘c+’ rating in its investigative report on Monday, October 31. Finally, StockNews.com raised Simpson Manufacturing’s rating from “pending” to “buying” in his Friday, November 18 research report. One of his stock research analysts gave the company’s stock a hold rating, and three gave it a buy rating. According to MarketBeat data, Simpson Manufacturing has a consensus rating of “moderate buy” with an average price target of $129.00.
Simpson Manufacturing stock performance
SSD shares opened Thursday at $109.06. His 50-day moving average for this stock is $95.05 and its 200-day moving average is $92.33. The stock has a market cap of $4.65 billion, a P/E of 13.62 and a beta of 1.23. Simpson Manufacturing Co., Inc. has a one-year low of $75.25 and a one-year high of $124.48. The company has a debt to equity ratio of 0.49, a quick ratio of 2.00 and a current ratio of 3.56.
Simpson Manufacturing Announces Dividend
The business recently announced a quarterly dividend payable on Thursday, April 27th. Dividends of $0.26 per share will be issued to shareholders of record on Thursday, April 6. That represents his $1.04 dividend and a 0.95% dividend yield on an annualized basis. The ex-dividend date is Wednesday, April 5. Simpson Manufacturing currently has a payout ratio of 12.98%.
About Simpson Manufacturing
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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