Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,756 shares of the construction company's stock after selling 2,152 shares during the period. Corebridge Financial Inc. owned 0.11% of Simpson Manufacturing worth $7,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSD. GAMMA Investing LLC lifted its position in shares of Simpson Manufacturing by 16.8% in the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock valued at $74,000 after acquiring an additional 64 shares in the last quarter. CIBC Asset Management Inc raised its stake in Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock valued at $216,000 after purchasing an additional 64 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Simpson Manufacturing by 1.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock valued at $1,042,000 after purchasing an additional 88 shares in the last quarter. V Square Quantitative Management LLC boosted its stake 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 purchasing an additional 95 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after buying an additional 97 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SSD. Robert W. Baird decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. DA Davidson decreased their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Trading Down 0.1 %

Shares of SSD traded down $0.08 during midday trading on Tuesday, reaching $157.00. The company had a trading volume of 228,029 shares, compared to its average volume of 282,865. Simpson Manufacturing Co., Inc. has a 1-year low of $152.74 and a 1-year high of $199.17. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $164.24 and a 200-day simple moving average of $174.91. The stock has a market cap of $6.59 billion, a PE ratio of 20.66 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results 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 net margin of 14.44% and a return on equity of 18.00%. Research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed 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 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is presently 14.74%.

About Simpson Manufacturing

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.