CIBC World Markets Inc. bought a new stake in Simpson Manufacturing Co, Inc. (NYSE:SSD) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,065 shares of the construction company’s stock, valued at approximately $291,000.

A number of other institutional investors have also added to or reduced their stakes in SSD. Janus Henderson Group PLC grew its position in Simpson Manufacturing by 16.7% in the third quarter. Janus Henderson Group PLC now owns 1,941,044 shares of the construction company’s stock valued at $95,189,000 after acquiring an additional 277,496 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in Simpson Manufacturing by 13.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,359,480 shares of the construction company’s stock valued at $78,048,000 after acquiring an additional 155,960 shares during the last quarter. Bank of New York Mellon Corp grew its position in Simpson Manufacturing by 8.8% in the third quarter. Bank of New York Mellon Corp now owns 1,307,907 shares of the construction company’s stock valued at $64,141,000 after acquiring an additional 105,480 shares during the last quarter. Brown Advisory Inc. grew its position in Simpson Manufacturing by 13.9% in the third quarter. Brown Advisory Inc. now owns 824,053 shares of the construction company’s stock valued at $40,411,000 after acquiring an additional 100,558 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in Simpson Manufacturing by 21.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 486,525 shares of the construction company’s stock valued at $23,859,000 after acquiring an additional 85,675 shares during the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.

Shares of Simpson Manufacturing Co, Inc. (NYSE SSD) opened at $55.83 on Friday. Simpson Manufacturing Co, Inc. has a 12 month low of $39.82 and a 12 month high of $61.62. The company has a market capitalization of $2,620.00, a PE ratio of 28.78, a PEG ratio of 4.22 and a beta of 1.54.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 5th. The construction company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.10). Simpson Manufacturing had a net margin of 9.48% and a return on equity of 9.64%. The firm had revenue of $231.68 million for the quarter, compared to analyst estimates of $224.47 million. During the same period in the previous year, the business posted $0.37 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. equities research analysts anticipate that Simpson Manufacturing Co, Inc. will post 2.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, April 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Wednesday, April 4th. Simpson Manufacturing’s payout ratio is 43.30%.

SSD has been the topic of a number of recent analyst reports. Robert W. Baird reiterated a “hold” rating and issued a $46.00 target price on shares of Simpson Manufacturing in a research report on Friday, October 20th. DA Davidson raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday, October 31st. Sidoti assumed coverage on Simpson Manufacturing in a research note on Wednesday, January 3rd. They set a “neutral” rating and a $66.00 price target on the stock. Finally, Zacks Investment Research lowered Simpson Manufacturing from a “hold” rating to a “strong sell” rating in a research note on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $63.75.

In other news, major shareholder Sharon H. Simpson sold 45,541 shares of Simpson Manufacturing stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $59.08, for a total transaction of $2,690,562.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Roger Dankel sold 1,300 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $59.01, for a total value of $76,713.00. Following the completion of the transaction, the insider now directly owns 60 shares in the company, valued at $3,540.60. The disclosure for this sale can be found here. Insiders have sold 750,783 shares of company stock worth $44,234,197 over the last three months. Insiders own 0.36% of the company’s stock.

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Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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