Ceredex Value Advisors LLC Decreases Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Ceredex Value Advisors LLC cut its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,650 shares of the construction company's stock after selling 5,200 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.15% of Simpson Manufacturing worth $10,721,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board bought a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $466,000. Mariner LLC boosted its stake in shares of Simpson Manufacturing by 3.7% in the 4th quarter. Mariner LLC now owns 8,843 shares of the construction company's stock valued at $1,466,000 after purchasing an additional 317 shares during the last quarter. Barclays PLC increased its position in shares of Simpson Manufacturing by 42.8% during the fourth quarter. Barclays PLC now owns 34,537 shares of the construction company's stock worth $5,727,000 after buying an additional 10,358 shares during the period. Synovus Financial Corp bought a new position in Simpson Manufacturing during the fourth quarter worth $585,000. Finally, Petros Family Wealth LLC acquired a new position in Simpson Manufacturing in the fourth quarter valued at $385,000. Institutional investors own 93.68% of the company's stock.

Insider Transactions at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. DA Davidson decreased their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird reduced their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th.

Simpson Manufacturing Stock Up 1.8 %

Shares of Simpson Manufacturing stock traded up $2.64 during trading hours on Tuesday, reaching $146.66. The company's stock had a trading volume of 38,401 shares, compared to its average volume of 284,813. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The stock's fifty day simple moving average is $157.95 and its two-hundred day simple moving average is $170.26. The company has a market capitalization of $6.16 billion, a P/E ratio of 19.30 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a one year low of $137.35 and a one year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping 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%. On average, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.74%.

Simpson Manufacturing 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.