Teacher Retirement System of Texas decreased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,024 shares of the construction company's stock after selling 1,832 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Simpson Manufacturing worth $4,813,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in shares of Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock valued at $327,140,000 after buying an additional 333,390 shares during the last quarter. State Street Corp boosted its holdings in Simpson Manufacturing by 1.7% in the third quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock valued at $240,392,000 after acquiring an additional 20,404 shares during the last quarter. Geode Capital Management LLC increased its position in Simpson Manufacturing by 1.0% during the 3rd 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. Charles Schwab Investment Management Inc. raised its holdings in Simpson Manufacturing by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company's stock worth $81,354,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Port Capital LLC lifted its position in shares of Simpson Manufacturing by 0.3% in the 3rd quarter. Port Capital LLC now owns 369,255 shares of the construction company's stock worth $70,627,000 after purchasing an additional 975 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.
Simpson Manufacturing Stock Down 0.1 %
Shares of Simpson Manufacturing stock traded down $0.09 during trading on Thursday, reaching $158.93. 133,999 shares of the company traded hands, compared to its average volume of 268,057. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The firm has a market capitalization of $6.70 billion, a PE ratio of 20.91 and a beta of 1.39. The company has a 50 day moving average price of $165.15 and a 200-day moving average price of $175.38. Simpson Manufacturing Co., Inc. has a 1-year low of $152.74 and a 1-year high of $206.48.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.
Simpson Manufacturing Dividend Announcement
The firm 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 of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.70%. Simpson Manufacturing's payout ratio is 14.74%.
Insider Buying and Selling at Simpson Manufacturing
In related 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 transaction of $169,980.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.42% of the company's stock.
Analyst Ratings Changes
SSD has been the subject of a number of analyst reports. Robert W. Baird lowered 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 note on Tuesday, February 11th. DA Davidson dropped their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th.
Read Our Latest Stock Analysis on SSD
Simpson Manufacturing 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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