Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 287,422 shares of the construction company's stock after acquiring an additional 38,505 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.68% of Simpson Manufacturing worth $47,255,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lowered their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th.

Insider Activity

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares of the company's stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Up 4.1 %

NYSE SSD traded up $6.81 during mid-day trading on Monday, hitting $174.42. The company's stock had a trading volume of 376,704 shares, compared to its average volume of 243,054. The firm has a market capitalization of $7.35 billion, a P/E ratio of 23.04 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. Simpson Manufacturing Co., Inc. has a 52-week low of $155.73 and a 52-week high of $218.38. The stock's fifty day simple moving average is $168.85 and its two-hundred day simple moving average is $178.18.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.

Simpson Manufacturing Company Profile

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.