Barclays PLC Has $5.73 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Barclays PLC boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 42.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 34,537 shares of the construction company's stock after purchasing an additional 10,358 shares during the period. Barclays PLC owned 0.08% of Simpson Manufacturing worth $5,727,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of SSD. New York Life Investment Management LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at approximately $738,000. Diversified Trust Co acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $591,000. Van ECK Associates Corp grew its position in shares of Simpson Manufacturing by 29.3% in the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock valued at $5,979,000 after acquiring an additional 8,170 shares during the period. Financial Advocates Investment Management acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth about $401,000. Finally, KBC Group NV raised its holdings in shares of Simpson Manufacturing by 54.7% in the 4th quarter. KBC Group NV now owns 1,866 shares of the construction company's stock valued at $309,000 after purchasing an additional 660 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SSD has been the subject of a number of research analyst reports. Robert W. Baird reduced their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. DA Davidson decreased their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Stock Performance

Shares of SSD stock traded up $0.07 during midday trading on Tuesday, hitting $153.90. 309,320 shares of the company were exchanged, compared to its average volume of 275,617. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The firm has a market capitalization of $6.46 billion, a P/E ratio of 20.25 and a beta of 1.33. The firm's 50 day moving average price is $155.81 and its two-hundred day moving average price is $168.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The company had revenue of $538.90 million during the quarter, compared to analysts' expectations of $531.81 million. During the same quarter in the previous year, the company posted $1.77 earnings per share. The business's revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is 14.58%.

Insiders Place Their Bets

In related news, EVP Michael Andersen sold 1,000 shares of the business'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 sale, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.39% of the company's stock.

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.