Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 37.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,721 shares of the construction company's stock after selling 57,920 shares during the quarter. Principal Financial Group Inc. owned 0.23% of Simpson Manufacturing worth $18,691,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Simpson Manufacturing by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company's stock valued at $920,662,000 after buying an additional 278,283 shares during the period. D. E. Shaw & Co. Inc. bought a new position in Simpson Manufacturing in the second quarter worth approximately $35,884,000. The Manufacturers Life Insurance Company increased its holdings in Simpson Manufacturing by 336.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company's stock worth $37,838,000 after purchasing an additional 173,097 shares during the period. Nia Impact Advisors LLC bought a new stake in Simpson Manufacturing during the 2nd quarter valued at $15,010,000. Finally, Millennium Management LLC raised its position in Simpson Manufacturing by 57.8% during the 2nd quarter. Millennium Management LLC now owns 201,685 shares of the construction company's stock valued at $33,990,000 after purchasing an additional 73,872 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of the firm's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total value of $89,375.00. Following the transaction, the director now owns 866 shares in the company, valued at approximately $154,797.50. This trade represents a 36.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Olosky sold 6,871 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now owns 19,534 shares in the company, valued at $3,660,866.94. The trade was a 26.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,871 shares of company stock valued at $1,658,259. Corporate insiders own 0.42% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a research note on Monday, October 21st.

Simpson Manufacturing Stock Down 1.2 %

Shares of NYSE:SSD traded down $2.20 during trading on Friday, reaching $180.37. The stock had a trading volume of 121,232 shares, compared to its average volume of 280,646. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.60 billion, a P/E ratio of 23.83 and a beta of 1.32. The firm's 50-day simple moving average is $185.76 and its 200 day simple moving average is $178.28. Simpson Manufacturing Co., Inc. has a one year low of $152.93 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter last year, the company earned $2.43 EPS. The business's revenue was up 1.2% compared to the same quarter last year. As a group, research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

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.