Moloney Securities Asset Management LLC Has $224,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Moloney Securities Asset Management LLC trimmed its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 75.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,353 shares of the construction company's stock after selling 4,097 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Simpson Manufacturing were worth $224,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Champlain Investment Partners LLC acquired a new position in shares of Simpson Manufacturing in the third quarter valued at $16,060,000. Diversified Trust Co acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at $591,000. US Bancorp DE raised its stake in shares of Simpson Manufacturing by 9.1% in the third quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock valued at $806,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Simpson Manufacturing by 8,883.3% in the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company's stock valued at $1,134,000 after purchasing an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock valued at $93,171,000 after purchasing an additional 6,585 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded up $6.81 during mid-day trading on Friday, hitting $174.42. 376,704 shares of the company were exchanged, compared to its average volume of 243,054. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average of $169.09 and a 200 day moving average of $178.35. Simpson Manufacturing Co., Inc. has a 1-year low of $155.73 and a 1-year high of $218.38. The company has a market capitalization of $7.35 billion, a PE ratio of 23.04 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released 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 18.29% and a net margin of 14.51%. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders 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 dividend yield of 0.64%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is presently 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird dropped their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the stock in a transaction 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 sale, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company's stock.

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.