Bridgewater Associates LP Reduces Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Bridgewater Associates LP trimmed its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,776 shares of the construction company's stock after selling 1,720 shares during the quarter. Bridgewater Associates LP owned approximately 0.12% of Simpson Manufacturing worth $8,254,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth about $29,000. World Investment Advisors LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter worth approximately $30,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $30,000. UMB Bank n.a. increased its stake in Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after buying an additional 97 shares during the period. Finally, V Square Quantitative Management LLC raised its position in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after buying an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SSD shares. Robert W. Baird dropped their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson reduced their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded up $2.52 during trading hours on Tuesday, hitting $146.54. The stock had a trading volume of 28,314 shares, compared to its average volume of 284,800. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. 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 stock's fifty day moving average is $157.95 and its two-hundred day moving average is $170.26. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 19.21 and a beta of 1.33.

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, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's payout ratio is currently 14.74%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing 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 transaction, the executive vice president now directly owns 8,810 shares of the company's stock, valued at $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 hyperlink. 0.42% of the stock is currently owned by insiders.

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.