Rhumbline Advisers Purchases 3,589 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Rhumbline Advisers grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,984 shares of the construction company's stock after acquiring an additional 3,589 shares during the quarter. Rhumbline Advisers owned about 0.27% of Simpson Manufacturing worth $19,068,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Riverbridge Partners LLC acquired a new position in Simpson Manufacturing during the 4th quarter valued at about $58,414,000. FMR LLC raised its holdings in shares of Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock valued at $327,140,000 after buying an additional 333,390 shares during the last quarter. EP Wealth Advisors LLC boosted its position in shares of Simpson Manufacturing by 1,020.1% during the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company's stock worth $26,745,000 after buying an additional 127,345 shares during the period. Fisher Asset Management LLC grew its holdings in Simpson Manufacturing by 67.2% in the 3rd quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company's stock worth $41,976,000 after buying an additional 88,235 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new position in Simpson Manufacturing in the 3rd quarter worth approximately $16,060,000. Institutional investors own 93.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird cut 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, February 11th.

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Insiders Place Their Bets

In related news, EVP Roger Dankel sold 250 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares of the company's stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Up 1.9 %

Shares of NYSE:SSD traded up $3.14 during mid-day trading on Tuesday, hitting $171.10. The stock had a trading volume of 188,121 shares, compared to its average volume of 260,845. Simpson Manufacturing Co., Inc. has a 12-month low of $155.73 and a 12-month high of $218.38. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The company has a market cap of $7.21 billion, a PE ratio of 22.51 and a beta of 1.35. The company's 50 day moving average is $167.28 and its 200-day moving average is $178.00.

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 for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.65%. Simpson Manufacturing's dividend payout ratio (DPR) is currently 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.