Legal & General Group Plc Lowers Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Legal & General Group Plc cut its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 7.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,967 shares of the construction company's stock after selling 6,591 shares during the quarter. Legal & General Group Plc owned 0.19% of Simpson Manufacturing worth $13,261,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SSD. Bank of Montreal Can boosted its stake in shares of Simpson Manufacturing by 27.3% in the 4th quarter. Bank of Montreal Can now owns 6,780 shares of the construction company's stock valued at $1,124,000 after purchasing an additional 1,453 shares during the last quarter. Aristides Capital LLC lifted its position in Simpson Manufacturing by 23.9% in the 4th quarter. Aristides Capital LLC now owns 3,999 shares of the construction company's stock valued at $663,000 after acquiring an additional 771 shares in the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Simpson Manufacturing by 66.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,932 shares of the construction company's stock valued at $320,000 after purchasing an additional 771 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Simpson Manufacturing by 17.6% in the fourth quarter. Federated Hermes Inc. now owns 378,094 shares of the construction company's stock worth $62,699,000 after purchasing an additional 56,670 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Simpson Manufacturing by 313.0% in the fourth quarter. Russell Investments Group Ltd. now owns 11,201 shares of the construction company's stock valued at $1,858,000 after purchasing an additional 8,489 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction 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 sale, the executive vice president now 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

SSD traded down $3.15 on Monday, reaching $144.25. The company had a trading volume of 8,950 shares, compared to its average volume of 285,199. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a 52-week low of $135.73 and a 52-week high of $197.82. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 18.99 and a beta of 1.33. The business has a 50 day simple moving average of $158.36 and a 200 day simple moving average of $170.59.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its 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%. As a group, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 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.