Schroder Investment Management Group Raises Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Schroder Investment Management Group boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 29.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 182,521 shares of the construction company's stock after purchasing an additional 41,971 shares during the period. Schroder Investment Management Group owned approximately 0.43% of Simpson Manufacturing worth $30,198,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SSD. New York Life Investment Management LLC acquired a new position in Simpson Manufacturing in the 4th quarter valued at about $738,000. Diversified Trust Co purchased a new position in shares of Simpson Manufacturing in the 4th quarter valued at approximately $591,000. Geode Capital Management LLC increased its holdings in shares of Simpson Manufacturing by 1.0% in the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock valued at $135,390,000 after purchasing an additional 7,351 shares during the period. Van ECK Associates Corp raised its stake in shares of Simpson Manufacturing by 29.3% during the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock worth $5,979,000 after purchasing an additional 8,170 shares during the last quarter. Finally, Financial Advocates Investment Management acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $401,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

SSD stock traded up $2.23 on Friday, reaching $147.36. 464,639 shares of the company's stock were exchanged, compared to its average volume of 285,192. The stock has a fifty day moving average of $163.27 and a 200-day moving average of $174.19. The firm has a market cap of $6.19 billion, a PE ratio of 19.39 and a beta of 1.33. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company 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 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 0.76%. Simpson Manufacturing's dividend payout ratio is presently 14.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on SSD shares. Robert W. Baird dropped 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 note on Tuesday, February 11th. DA Davidson dropped their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th.

Insiders Place Their Bets

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 completion of the transaction, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by company insiders.

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.