Robeco Schweiz AG Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Robeco Schweiz AG bought a new position in 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 institutional investor bought 15,500 shares of the construction company's stock, valued at approximately $2,570,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC grew its position in Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock valued at $327,140,000 after purchasing an additional 333,390 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Simpson Manufacturing by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock worth $271,972,000 after buying an additional 24,253 shares in the last quarter. State Street Corp grew its holdings in shares of Simpson Manufacturing by 1.7% during the third quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock valued at $240,392,000 after buying an additional 20,404 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock valued at $135,390,000 after acquiring an additional 7,351 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock worth $93,171,000 after acquiring an additional 6,585 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, Robert W. Baird cut their target price 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.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE SSD traded up $0.54 during trading hours on Friday, hitting $164.14. The company's stock had a trading volume of 221,056 shares, compared to its average volume of 255,942. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. The company's 50 day simple moving average is $167.03 and its two-hundred day simple moving average is $177.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company has a market cap of $6.92 billion, a P/E ratio of 21.60 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing's payout ratio is 14.74%.

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.