Capital International Investors Reduces Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Capital International Investors cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 34.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657,421 shares of the construction company's stock after selling 348,291 shares during the quarter. Capital International Investors owned approximately 1.56% of Simpson Manufacturing worth $109,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co increased its stake in shares of Simpson Manufacturing by 1.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 37,692 shares of the construction company's stock valued at $6,249,000 after buying an additional 672 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Simpson Manufacturing by 300.2% during the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company's stock valued at $55,727,000 after purchasing an additional 252,085 shares in the last quarter. Farringdon Capital Ltd. purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $508,000. Ontario Teachers Pension Plan Board bought a new position in Simpson Manufacturing in the fourth quarter worth about $466,000. Finally, Mariner LLC lifted its holdings in Simpson Manufacturing by 3.7% in the fourth quarter. Mariner LLC now owns 8,843 shares of the construction company's stock worth $1,466,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 93.68% of the company's stock.

Insider Buying and Selling

In other 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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Stock Up 2.7 %

NYSE:SSD traded up $4.11 on Thursday, reaching $154.42. 148,806 shares of the stock traded hands, compared to its average volume of 279,434. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 20.32 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company's fifty day simple moving average is $157.07 and its 200 day simple moving average is $169.97.

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

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.73%. Simpson Manufacturing's payout ratio is 14.74%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SSD. Robert W. Baird lowered their target price 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 lowered their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

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.