Retirement Systems of Alabama Decreases Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Retirement Systems of Alabama reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 51,268 shares of the construction company's stock after selling 1,817 shares during the quarter. Retirement Systems of Alabama owned about 0.12% of Simpson Manufacturing worth $8,502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Park Place Capital Corp acquired a new position in Simpson Manufacturing in the 4th quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing in the 3rd quarter worth approximately $34,000. R Squared Ltd acquired a new position in Simpson Manufacturing in the 4th quarter worth approximately $30,000. Prospera Private Wealth LLC acquired a new position in Simpson Manufacturing in the 3rd quarter worth approximately $37,000. Finally, UMB Bank n.a. grew its stake in shares of Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after purchasing an additional 97 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD traded down $4.57 during midday trading on Wednesday, reaching $164.76. 258,028 shares of the stock were exchanged, compared to its average volume of 260,351. The firm has a 50-day simple moving average of $169.93 and a two-hundred day simple moving average of $178.73. Simpson Manufacturing Co., Inc. has a twelve month low of $155.73 and a twelve month high of $218.38. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 21.76 and a beta of 1.35. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. As a group, analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

Wall Street Analyst Weigh In

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

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction 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 owns 23,814 shares of the company's stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

About Simpson Manufacturing

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.