New York State Common Retirement Fund Sells 2,699 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

New York State Common Retirement Fund lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,662 shares of the construction company's stock after selling 2,699 shares during the quarter. New York State Common Retirement Fund's holdings in Simpson Manufacturing were worth $3,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSD. Champlain Investment Partners LLC acquired a new position in shares of Simpson Manufacturing in the 3rd quarter worth approximately $16,060,000. Diversified Trust Co acquired a new position in Simpson Manufacturing during the fourth quarter worth $591,000. US Bancorp DE boosted its position in Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock worth $806,000 after purchasing an additional 352 shares during the period. International Assets Investment Management LLC raised its holdings in Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company's stock worth $1,134,000 after acquiring an additional 5,863 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position 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 worth $93,171,000 after buying an additional 6,585 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

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Simpson Manufacturing Stock Up 0.1 %

Shares of Simpson Manufacturing stock traded up $0.13 on Tuesday, hitting $159.45. The company had a trading volume of 109,152 shares, compared to its average volume of 251,670. The stock has a 50-day moving average of $166.85 and a 200-day moving average of $177.71. Simpson Manufacturing Co., Inc. has a twelve month low of $154.97 and a twelve month high of $218.38. The firm has a market capitalization of $6.72 billion, a P/E ratio of 20.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59.

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

Simpson Manufacturing Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.70%. Simpson Manufacturing's payout ratio is 14.74%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lowered 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.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Andersen sold 1,000 shares of the 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 in the company, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing 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.