NewEdge Wealth LLC Trims Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

NewEdge Wealth LLC cut its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,815 shares of the construction company's stock after selling 5,876 shares during the period. NewEdge Wealth LLC owned 0.08% of Simpson Manufacturing worth $5,442,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SSD. Bank of New York Mellon Corp increased its stake in Simpson Manufacturing by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 348,277 shares of the construction company's stock valued at $57,755,000 after acquiring an additional 12,187 shares during the last quarter. Ipswich Investment Management Co. Inc. lifted its holdings in Simpson Manufacturing by 21.9% in the fourth quarter. Ipswich Investment Management Co. Inc. now owns 13,088 shares of the construction company's stock valued at $2,170,000 after buying an additional 2,355 shares during the period. Hardy Reed LLC increased its stake in Simpson Manufacturing by 16.4% in the fourth quarter. Hardy Reed LLC now owns 3,824 shares of the construction company's stock valued at $634,000 after purchasing an additional 539 shares in the last quarter. Private Advisor Group LLC bought a new stake in Simpson Manufacturing in the fourth quarter valued at $411,000. Finally, Truist Financial Corp increased its position in shares of Simpson Manufacturing by 3.3% during the fourth quarter. Truist Financial Corp now owns 17,394 shares of the construction company's stock worth $2,885,000 after acquiring an additional 552 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reduced their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th.

Insider Activity

In other news, EVP Roger Dankel sold 250 shares of the company's 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 transaction, 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 filing with the SEC, which is accessible through this link. Also, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD traded down $5.29 during trading on Monday, reaching $159.11. The company had a trading volume of 240,124 shares, compared to its average volume of 255,533. The company has a fifty day moving average of $167.03 and a two-hundred day moving average of $177.83. The stock has a market capitalization of $6.71 billion, a P/E ratio of 20.94 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. 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 (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping 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%. Equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.

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.