Kayne Anderson Rudnick Investment Management LLC Trims Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Kayne Anderson Rudnick Investment Management LLC decreased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,494,263 shares of the construction company's stock after selling 102,692 shares during the period. Simpson Manufacturing accounts for 1.7% of Kayne Anderson Rudnick Investment Management LLC's investment portfolio, making the stock its 8th biggest holding. Kayne Anderson Rudnick Investment Management LLC owned 10.66% of Simpson Manufacturing worth $745,284,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MML Investors Services LLC purchased a new stake in Simpson Manufacturing during the third quarter worth about $290,000. Barclays PLC grew its position in shares of Simpson Manufacturing by 42.0% during the 3rd quarter. Barclays PLC now owns 24,179 shares of the construction company's stock valued at $4,624,000 after acquiring an additional 7,155 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of Simpson Manufacturing by 1.8% during the 3rd quarter. SkyView Investment Advisors LLC now owns 9,324 shares of the construction company's stock worth $1,783,000 after purchasing an additional 163 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing in the 3rd quarter worth approximately $30,000. Finally, Tidal Investments LLC lifted its stake in Simpson Manufacturing by 4.8% in the third quarter. Tidal Investments LLC now owns 2,901 shares of the construction company's stock valued at $555,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird decreased their target price 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. DA Davidson reduced their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock traded down $1.29 on Friday, reaching $153.14. The stock had a trading volume of 83,406 shares, compared to its average volume of 277,132. The business's 50 day moving average is $156.67 and its two-hundred day moving average is $169.70. 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 1 year low of $137.35 and a 1 year high of $197.82. The company has a market cap of $6.43 billion, a P/E ratio of 20.15 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating 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%. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.

Insider Buying and Selling

In related 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Company 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.