Thrivent Financial for Lutherans Cuts Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Thrivent Financial for Lutherans lowered its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 93.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,935 shares of the construction company's stock after selling 228,559 shares during the quarter. Thrivent Financial for Lutherans' holdings in Simpson Manufacturing were worth $2,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SSD. Signaturefd LLC raised its stake in Simpson Manufacturing by 23.0% in the 4th quarter. Signaturefd LLC now owns 525 shares of the construction company's stock valued at $87,000 after purchasing an additional 98 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Simpson Manufacturing by 64.1% during the fourth quarter. Corient Private Wealth LLC now owns 5,052 shares of the construction company's stock worth $838,000 after buying an additional 1,973 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Simpson Manufacturing by 30.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 4,431 shares of the construction company's stock valued at $735,000 after buying an additional 1,029 shares during the last quarter. Natixis Advisors LLC lifted its stake in shares of Simpson Manufacturing by 13.8% in the fourth quarter. Natixis Advisors LLC now owns 22,606 shares of the construction company's stock worth $3,749,000 after buying an additional 2,746 shares in the last quarter. Finally, Impact Capital Partners LLC acquired a new position in Simpson Manufacturing during the fourth quarter worth about $1,116,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

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Insiders Place Their Bets

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on 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 in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Down 0.9 %

Shares of SSD stock traded down $1.42 during trading hours on Friday, hitting $157.48. The company had a trading volume of 663,844 shares, compared to its average volume of 282,763. 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 stock has a market capitalization of $6.61 billion, a PE ratio of 20.72 and a beta of 1.39. The company's fifty day moving average is $164.76 and its 200 day moving average is $175.19. Simpson Manufacturing Co., Inc. has a fifty-two week low of $152.74 and a fifty-two week high of $205.88.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS 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%. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is currently 14.74%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SSD. DA Davidson decreased their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird reduced their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 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.