Simpson Manufacturing Co., Inc. (NYSE:SSD) Stock Holdings Lessened by Fmr LLC

FMR LLC trimmed its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 5.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,615,858 shares of the construction company's stock after selling 94,500 shares during the quarter. FMR LLC owned approximately 3.83% of Simpson Manufacturing worth $267,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in Simpson Manufacturing by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 5,746 shares of the construction company's stock worth $1,101,000 after buying an additional 230 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Simpson Manufacturing by 23.8% in the third quarter. Quantinno Capital Management LP now owns 5,162 shares of the construction company's stock worth $987,000 after purchasing an additional 993 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Simpson Manufacturing during the third quarter valued at $11,931,000. Orion Portfolio Solutions LLC increased its stake in Simpson Manufacturing by 33.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,440 shares of the construction company's stock valued at $1,423,000 after buying an additional 1,844 shares during the period. Finally, MML Investors Services LLC acquired a new position in shares of Simpson Manufacturing during the third quarter valued at approximately $290,000. Institutional investors and hedge funds own 93.68% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SSD. Robert W. Baird dropped their price objective on 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 cut their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

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Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Down 0.0 %

Shares of Simpson Manufacturing stock traded down $0.02 on Tuesday, reaching $149.76. 323,347 shares of the company were exchanged, compared to its average volume of 287,636. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33. The stock has a fifty day moving average price of $159.93 and a 200-day moving average price of $171.81.

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

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.75%. Simpson Manufacturing's dividend payout ratio (DPR) 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.