Conestoga Capital Advisors LLC trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,282,588 shares of the construction company's stock after selling 139,342 shares during the quarter. Simpson Manufacturing makes up approximately 2.8% of Conestoga Capital Advisors LLC's portfolio, making the stock its 10th biggest holding. Conestoga Capital Advisors LLC owned approximately 3.04% of Simpson Manufacturing worth $212,692,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of SSD. FMR LLC boosted its position 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 valued at $327,140,000 after acquiring an additional 333,390 shares during the last quarter. State Street Corp lifted 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 valued at $240,392,000 after purchasing an additional 20,404 shares during the last quarter. Geode Capital Management LLC grew its stake in Simpson Manufacturing by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock worth $135,390,000 after buying an additional 7,351 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 buying an additional 6,585 shares during the last quarter. Finally, Port Capital LLC raised its position in shares of Simpson Manufacturing by 0.3% during the 3rd quarter. Port Capital LLC now owns 369,255 shares of the construction company's stock valued at $70,627,000 after buying an additional 975 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.
Insider Activity 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 stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the sale, the executive vice president now owns 23,814 shares of the company's stock, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by insiders.
Simpson Manufacturing Price Performance
NYSE:SSD traded down $0.17 during mid-day trading on Thursday, reaching $167.42. The stock had a trading volume of 356,685 shares, compared to its average volume of 244,991. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm has a 50 day moving average price of $171.08 and a two-hundred day moving average price of $179.12. The stock has a market capitalization of $7.06 billion, a P/E ratio of 22.12 and a beta of 1.35.
Simpson Manufacturing Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.
Wall Street Analyst Weigh In
Separately, Robert W. Baird increased their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a research note on Monday, October 21st.
Read Our Latest Stock Analysis on Simpson Manufacturing
Simpson Manufacturing Profile
(
Free Report)
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.
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