Royce & Associates LP Has $34.30 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royce & Associates LP trimmed its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 206,848 shares of the construction company's stock after selling 18,025 shares during the period. Royce & Associates LP owned about 0.49% of Simpson Manufacturing worth $34,302,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SSD. FMR LLC grew its holdings in shares of Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock worth $327,140,000 after acquiring an additional 333,390 shares during the last quarter. State Street Corp boosted its position in shares of Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock valued at $240,392,000 after purchasing an additional 20,404 shares during the period. Geode Capital Management LLC raised its holdings in Simpson Manufacturing by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock worth $135,390,000 after buying an additional 7,351 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Simpson Manufacturing by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company's stock valued at $81,354,000 after buying an additional 3,467 shares in the last quarter. Finally, Port Capital LLC boosted its holdings in shares of Simpson Manufacturing by 0.3% in the third quarter. Port Capital LLC now owns 369,255 shares of the construction company's stock worth $70,627,000 after buying an additional 975 shares during the period. Institutional investors own 93.68% of the company's stock.

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Simpson Manufacturing Stock Down 1.7 %

Shares of SSD stock traded down $2.66 during trading on Thursday, hitting $156.82. 218,274 shares of the company were exchanged, compared to its average volume of 266,109. The firm has a market capitalization of $6.61 billion, a price-to-earnings ratio of 20.63 and a beta of 1.39. 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 business's 50-day simple moving average is $165.47 and its 200 day simple moving average is $175.95. Simpson Manufacturing Co., Inc. has a twelve month low of $153.87 and a twelve month high of $208.12.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS 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, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. Simpson Manufacturing's dividend payout ratio is 14.74%.

Analysts Set New Price Targets

Several brokerages recently commented on SSD. Robert W. Baird reduced their price target 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. DA Davidson reduced their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, 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 value of $169,980.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by company 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.