New York Life Investment Management LLC Takes $738,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

March 5, 2025

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New York Life Investment Management LLC purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,451 shares of the construction company’s stock, valued at approximately $738,000.

A number of other large investors also recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in shares of Simpson Manufacturing by 16.8% during the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock valued at $74,000 after purchasing an additional 64 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock valued at $216,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. grew its holdings in Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock worth $1,042,000 after acquiring an additional 88 shares during the period. V Square Quantitative Management LLC grew its holdings in Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 95 shares during the period. Finally, UMB Bank n.a. grew its holdings in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after acquiring an additional 97 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

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Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Down 1.0 %

Shares of SSD stock opened at $157.70 on Wednesday. Simpson Manufacturing Co., Inc. has a 12 month low of $154.97 and a 12 month high of $218.38. The firm has a market cap of $6.65 billion, a PE ratio of 20.75 and a beta of 1.35. The stock has a 50 day moving average of $166.65 and a 200-day moving average of $177.57. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD – Get Free Report) last announced its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is 14.74%.

Simpson Manufacturing Profile

(Free Report)

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.