Outlook Wealth Advisors LLC Purchases Shares of 2,182 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Outlook Wealth Advisors LLC acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,182 shares of the construction company’s stock, valued at approximately $362,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. World Investment Advisors LLC acquired a new stake in Simpson Manufacturing in the third quarter valued at $30,000. V Square Quantitative Management LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth about $34,000. Prospera Private Wealth LLC purchased a new position in shares of Simpson Manufacturing during the third quarter worth about $37,000. Millburn Ridgefield Corp purchased a new position in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $51,000. Finally, Huntington National Bank increased its holdings in shares of Simpson Manufacturing by 73.2% in the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after purchasing an additional 142 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Simpson Manufacturing

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

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $167.14 on Friday. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38. The stock has a market cap of $7.05 billion, a PE ratio of 22.08 and a beta of 1.35. The business’s fifty day moving average price is $176.63 and its two-hundred day moving average price is $179.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business had revenue of $587.15 million during the quarter, compared to analysts’ expectations of $589.00 million. During the same period in the prior year, the firm earned $2.43 EPS. Simpson Manufacturing’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

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.