Schroder Investment Management Group Purchases 41,971 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Schroder Investment Management Group raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 29.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,521 shares of the construction company's stock after acquiring an additional 41,971 shares during the period. Schroder Investment Management Group owned about 0.43% of Simpson Manufacturing worth $30,198,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SSD. Pictet Asset Management Holding SA lifted its holdings in shares of Simpson Manufacturing by 10.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 6,339 shares of the construction company's stock worth $1,051,000 after acquiring an additional 610 shares during the period. New Age Alpha Advisors LLC bought a new position in Simpson Manufacturing during the fourth quarter worth about $1,545,000. Norges Bank acquired a new stake in Simpson Manufacturing during the fourth quarter valued at approximately $73,758,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Simpson Manufacturing by 33.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 107,723 shares of the construction company's stock valued at $17,864,000 after purchasing an additional 27,267 shares in the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Simpson Manufacturing by 148.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 119,157 shares of the construction company's stock worth $19,760,000 after buying an additional 71,276 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

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Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated 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 of the company's stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SSD has been the topic of a number of analyst reports. DA Davidson lowered their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock traded up $2.23 during trading on Friday, reaching $147.36. The company's stock had a trading volume of 464,639 shares, compared to its average volume of 284,301. The stock has a 50-day moving average price of $163.64 and a two-hundred day moving average price of $174.60. The stock has a market capitalization of $6.19 billion, a P/E ratio of 19.39 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a one year low of $137.90 and a one year high of $198.88. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

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 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, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.

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.