Sei Investments Co. Acquires 49,257 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sei Investments Co. boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 57.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 135,623 shares of the construction company's stock after purchasing an additional 49,257 shares during the period. Sei Investments Co. owned about 0.32% of Simpson Manufacturing worth $22,490,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SSD. Riverbridge Partners LLC acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth $58,414,000. FMR LLC grew its position in Simpson Manufacturing by 24.2% in the third quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock valued at $327,140,000 after acquiring an additional 333,390 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Simpson Manufacturing during the fourth quarter worth about $54,644,000. EP Wealth Advisors LLC lifted its holdings in shares of Simpson Manufacturing by 1,020.1% in the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company's stock worth $26,745,000 after acquiring an additional 127,345 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at approximately $15,603,000. Institutional investors and hedge funds own 93.68% of the company's stock.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm'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 transaction of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by corporate insiders.

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Analysts Set New Price Targets

SSD has been the subject of a number of research analyst reports. DA Davidson lowered their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Robert W. Baird decreased 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.

Simpson Manufacturing Trading Down 0.9 %

Shares of SSD stock traded down $1.42 during mid-day trading on Friday, reaching $157.48. 663,844 shares of the stock traded hands, compared to its average volume of 282,763. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 20.72 and a beta of 1.39. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The stock's fifty day simple moving average is $164.76 and its two-hundred day simple moving average is $175.19. Simpson Manufacturing Co., Inc. has a 1-year low of $152.74 and a 1-year high of $205.88.

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

Simpson Manufacturing Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.71%. Simpson Manufacturing's payout ratio is 14.74%.

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.