Simpson Manufacturing Company, Inc. $SSD Shares Sold by Ranger Investment Management L.P.

Ranger Investment Management L.P. lessened its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,720 shares of the construction company’s stock after selling 3,560 shares during the period. Ranger Investment Management L.P. owned 0.27% of Simpson Manufacturing worth $18,876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Simpson Manufacturing by 135.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after acquiring an additional 92 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Simpson Manufacturing during the second quarter worth about $31,000. Hantz Financial Services Inc. lifted its holdings in shares of Simpson Manufacturing by 98.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after purchasing an additional 144 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at about $56,000. Finally, Putney Financial Group LLC grew its stake in Simpson Manufacturing by 238.4% during the 2nd quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock worth $59,000 after buying an additional 267 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Philip E. Donaldson sold 2,375 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $168.16, for a total transaction of $399,380.00. Following the completion of the transaction, the director directly owned 6,086 shares of the company’s stock, valued at approximately $1,023,421.76. This represents a 28.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 0.2%

Shares of Simpson Manufacturing stock opened at $193.82 on Friday. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The company has a market cap of $8.04 billion, a P/E ratio of 23.56 and a beta of 1.37. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.88 and a current ratio of 3.35. The firm has a fifty day moving average of $173.87 and a two-hundred day moving average of $176.09.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s payout ratio is presently 14.13%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SSD. Robert W. Baird increased their price objective on Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, January 21st. Finally, DA Davidson set a $190.00 price target on shares of Simpson Manufacturing in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing presently has an average rating of “Hold” and an average target price of $201.00.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.