Barclays PLC Has $4.62 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Barclays PLC grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 42.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,179 shares of the construction company's stock after purchasing an additional 7,155 shares during the period. Barclays PLC owned about 0.06% of Simpson Manufacturing worth $4,624,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. FMR LLC lifted its position in 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 buying an additional 333,390 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in Simpson Manufacturing by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock worth $271,972,000 after purchasing an additional 24,253 shares during the last quarter. State Street Corp increased its position in Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock worth $240,392,000 after purchasing an additional 20,404 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Simpson Manufacturing by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock valued at $159,343,000 after buying an additional 39,803 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its stake in shares of Simpson Manufacturing by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock valued at $101,928,000 after buying an additional 8,535 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares of the company's stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Separately, Robert W. Baird upped their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock traded down $0.44 during mid-day trading on Friday, reaching $168.22. The company had a trading volume of 1,081,870 shares, compared to its average volume of 276,982. The company has a 50 day moving average of $183.61 and a 200-day moving average of $180.08. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 22.22 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The company had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same quarter in the prior year, the company posted $2.43 earnings per share. The company's revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.67%. Simpson Manufacturing's dividend payout ratio (DPR) is currently 14.80%.

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.