Geode Capital Management LLC Acquires 2,502 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Geode Capital Management LLC lifted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 710,166 shares of the construction company's stock after acquiring an additional 2,502 shares during the period. Geode Capital Management LLC owned about 1.68% of Simpson Manufacturing worth $117,804,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SSD. Norges Bank bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $73,758,000. Riverbridge Partners LLC bought a new stake in Simpson Manufacturing during the fourth quarter worth approximately $58,414,000. Raymond James Financial Inc. acquired a new position in shares of Simpson Manufacturing in the 4th quarter worth $54,644,000. Wealthfront Advisers LLC acquired a new position in shares of Simpson Manufacturing in the fourth quarter worth about $15,603,000. Finally, Janney Montgomery Scott LLC boosted its stake in Simpson Manufacturing by 1,473.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company's stock worth $13,310,000 after purchasing an additional 75,162 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Analyst Upgrades and Downgrades

SSD has been the topic of a number of research analyst reports. Robert W. Baird lowered their price objective 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 cut their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

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Insider Buying and Selling at Simpson Manufacturing

In other 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 value 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 represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Up 0.2 %

Shares of NYSE SSD traded up $0.28 during mid-day trading on Monday, reaching $150.11. 14,014 shares of the company traded hands, compared to its average volume of 286,296. The company's fifty day moving average is $160.29 and its two-hundred day moving average is $172.09. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The stock has a market cap of $6.30 billion, a PE ratio of 19.75 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.75%. 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.