Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 23.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,594 shares of the construction company's stock after selling 9,814 shares during the period. American Century Companies Inc. owned about 0.07% of Simpson Manufacturing worth $5,239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SSD. Riverbridge Partners LLC bought a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $58,414,000. Raymond James Financial Inc. bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at approximately $54,644,000. EP Wealth Advisors LLC raised its position in shares of Simpson Manufacturing by 1,020.1% during the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company's stock worth $26,745,000 after purchasing an additional 127,345 shares during the period. Wealthfront Advisers LLC bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $15,603,000. Finally, Janney Montgomery Scott LLC boosted its position in Simpson Manufacturing by 1,473.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company's stock valued at $13,310,000 after purchasing an additional 75,162 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Performance

SSD stock traded up $10.19 on Wednesday, reaching $150.00. The company's stock had a trading volume of 425,981 shares, compared to its average volume of 287,346. The firm has a fifty day moving average of $160.95 and a two-hundred day moving average of $172.79. 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 company has a market capitalization of $6.30 billion, a P/E ratio of 19.74 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 52 week low of $132.00 and a 52 week high of $197.82.

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Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is currently 14.74%.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.39% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on SSD. Robert W. Baird cut their target price on 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 cut their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th.

Simpson Manufacturing 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.