Russell Investments Group Ltd. Increases Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Russell Investments Group Ltd. boosted its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 313.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,201 shares of the construction company's stock after buying an additional 8,489 shares during the period. Russell Investments Group Ltd.'s holdings in Simpson Manufacturing were worth $1,858,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. New York Life Investment Management LLC bought a new position in Simpson Manufacturing in the 4th quarter worth approximately $738,000. Diversified Trust Co bought a new stake in Simpson Manufacturing in the fourth quarter valued at $591,000. Van ECK Associates Corp grew its position in shares of Simpson Manufacturing by 29.3% during the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock worth $5,979,000 after buying an additional 8,170 shares during the period. Financial Advocates Investment Management acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $401,000. Finally, KBC Group NV boosted its holdings in shares of Simpson Manufacturing by 54.7% in the fourth quarter. KBC Group NV now owns 1,866 shares of the construction company's stock valued at $309,000 after buying an additional 660 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Price Performance

SSD traded up $1.42 during trading on Thursday, hitting $151.73. 13,901 shares of the stock traded hands, compared to its average volume of 278,901. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 19.96 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The business has a 50 day moving average price of $157.07 and a 200 day moving average price of $169.97.

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

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.74%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Robert W. Baird dropped their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson decreased their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated 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 $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company's stock.

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.