Fisher Asset Management LLC lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 217,887 shares of the construction company's stock after selling 1,575 shares during the quarter. Fisher Asset Management LLC owned 0.52% of Simpson Manufacturing worth $36,132,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of SSD. FMR LLC grew its stake in shares of Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock worth $327,140,000 after acquiring an additional 333,390 shares in the last quarter. State Street Corp grew its position in Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock worth $240,392,000 after purchasing an additional 20,404 shares in the last quarter. Geode Capital Management LLC increased 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 valued at $135,390,000 after buying an additional 7,351 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in 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 valued at $93,171,000 after buying an additional 6,585 shares during the last quarter. Finally, Port Capital LLC lifted 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 worth $70,627,000 after buying an additional 975 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Robert W. Baird decreased their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th.
View Our Latest Stock Analysis on SSD
Insiders Place Their Bets
In other news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.42% of the company's stock.
Simpson Manufacturing Stock Performance
Shares of NYSE SSD traded down $2.17 during mid-day trading on Thursday, reaching $159.87. 71,952 shares of the company's stock were exchanged, compared to its average volume of 251,683. The firm has a 50-day moving average price of $166.53 and a two-hundred day moving average price of $177.47. 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 firm has a market capitalization of $6.74 billion, a price-to-earnings ratio of 21.04 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 52 week low of $154.97 and a 52 week high of $218.38.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.
Simpson Manufacturing Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.
Simpson Manufacturing Profile
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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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