Ironwood Financial llc Makes New $205,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Ironwood Financial llc acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the first quarter, HoldingsChannel.com reports. The firm acquired 1,000 shares of the construction company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Simpson Manufacturing by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 4,208,812 shares of the construction company’s stock valued at $833,261,000 after acquiring an additional 49,142 shares during the period. Fiduciary Management Inc. WI raised its holdings in shares of Simpson Manufacturing by 3.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 908,771 shares of the construction company’s stock valued at $179,918,000 after buying an additional 27,490 shares during the last quarter. Burgundy Asset Management Ltd. raised its holdings in shares of Simpson Manufacturing by 3.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 589,494 shares of the construction company’s stock valued at $116,708,000 after buying an additional 21,726 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Simpson Manufacturing by 517.1% in the fourth quarter. TD Asset Management Inc now owns 555,161 shares of the construction company’s stock valued at $109,911,000 after buying an additional 465,193 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Simpson Manufacturing in the fourth quarter valued at about $81,069,000. 93.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SSD shares. Robert W. Baird lifted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Insiders Place Their Bets

In other news, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now directly owns 5,033 shares in the company, valued at approximately $861,347.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now directly owns 5,033 shares in the company, valued at approximately $861,347.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total value of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The disclosure for this sale can be found here. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Down 1.9 %

NYSE:SSD traded down $3.18 on Friday, hitting $168.53. 5,368,456 shares of the stock were exchanged, compared to its average volume of 322,684. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 21.12 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. The company’s 50-day moving average price is $170.83 and its 200 day moving average price is $185.40.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 earnings per share. On average, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be issued a dividend of $0.28 per share. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s payout ratio is currently 13.53%.

About Simpson Manufacturing

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.