Jackson Square Partners LLC Sells 23,325 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Jackson Square Partners LLC cut its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,623 shares of the construction company's stock after selling 23,325 shares during the period. Simpson Manufacturing makes up 2.1% of Jackson Square Partners LLC's portfolio, making the stock its 27th biggest position. Jackson Square Partners LLC owned about 0.28% of Simpson Manufacturing worth $19,340,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Park Place Capital Corp purchased a new position in Simpson Manufacturing in the fourth quarter worth about $29,000. R Squared Ltd purchased a new stake in Simpson Manufacturing during the fourth quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after purchasing an additional 97 shares during the period. Millburn Ridgefield Corp purchased a new stake in shares of Simpson Manufacturing in the third quarter worth $51,000. Finally, V Square Quantitative Management LLC grew its holdings in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after buying an additional 95 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SSD. Robert W. Baird dropped their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. DA Davidson dropped their price objective 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.

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Insiders Place Their Bets

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on 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 approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Price Performance

Shares of SSD traded down $1.42 during mid-day trading on Friday, hitting $157.48. 663,844 shares of the stock were exchanged, compared to its average volume of 282,763. 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 company has a market cap of $6.64 billion, a PE ratio of 20.72 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 52-week low of $152.74 and a 52-week high of $205.88. The firm has a 50-day moving average of $164.76 and a two-hundred day moving average of $175.19.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released 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%. On average, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors 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 yield of 0.71%. Simpson Manufacturing's dividend payout ratio is currently 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.