Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 85.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,378 shares of the construction company's stock after selling 152,309 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.06% of Simpson Manufacturing worth $4,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of Simpson Manufacturing by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock valued at $74,000 after buying an additional 64 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of Simpson Manufacturing by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after buying an additional 64 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Simpson Manufacturing by 2.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock valued at $447,000 after buying an additional 70 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after purchasing an additional 88 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Robert W. Baird reduced their target price 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. DA Davidson decreased their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Trading Up 1.5 %

NYSE SSD traded up $2.32 during trading hours on Thursday, reaching $152.63. The company had a trading volume of 20,876 shares, compared to its average volume of 278,936. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The stock has a market capitalization of $6.41 billion, a P/E ratio of 20.06 and a beta of 1.33. The stock has a 50-day moving average of $157.07 and a 200 day moving average of $169.97. 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 posted its earnings results 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%. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. Simpson Manufacturing's dividend payout ratio is presently 14.74%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.42% of the company's stock.

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.