California Public Employees Retirement System decreased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,672 shares of the construction company's stock after selling 6,901 shares during the quarter. California Public Employees Retirement System owned 0.17% of Simpson Manufacturing worth $11,720,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Park Place Capital Corp acquired a new position in Simpson Manufacturing during the fourth quarter worth about $29,000. World Investment Advisors LLC acquired a new position in Simpson Manufacturing during the third quarter worth about $30,000. R Squared Ltd acquired a new position in Simpson Manufacturing during the fourth quarter worth about $30,000. UMB Bank n.a. raised its stake in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after acquiring an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.
Insider Buying and Selling
In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was 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 $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 is available through this hyperlink. 0.39% of the stock is currently owned by insiders.
Simpson Manufacturing Stock Performance
Shares of Simpson Manufacturing stock traded down $5.34 during trading hours on Thursday, hitting $145.74. 21,889 shares of the company's stock traded hands, compared to its average volume of 286,319. Simpson Manufacturing Co., Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 19.24 and a beta of 1.33. The company has a fifty day simple moving average of $160.95 and a 200-day simple 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.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.
Simpson Manufacturing Announces Dividend
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 $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is currently 14.74%.
Analyst Ratings Changes
SSD has been the subject of several recent research reports. Robert W. Baird lowered their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. DA Davidson cut their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.
View Our Latest Analysis on SSD
Simpson Manufacturing Company Profile
(
Free Report)
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.
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