Vanguard Group Inc. raised its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,204,871 shares of the construction company's stock after purchasing an additional 31,164 shares during the period. Vanguard Group Inc. owned 9.97% of Simpson Manufacturing worth $697,294,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of SSD. New York Life Investment Management LLC acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $738,000. Diversified Trust Co acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at $591,000. Geode Capital Management LLC raised its position in shares of Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock worth $135,390,000 after purchasing an additional 7,351 shares during the period. Van ECK Associates Corp grew its position in shares of Simpson Manufacturing by 29.3% in the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock valued at $5,979,000 after purchasing an additional 8,170 shares during the period. Finally, Financial Advocates Investment Management bought a new stake in shares of Simpson Manufacturing during the fourth quarter worth $401,000. Institutional investors own 93.68% of the company's stock.
Insider Buying and Selling
In related news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on SSD. Robert W. Baird decreased their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. DA Davidson decreased their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.
Check Out Our Latest Research Report on SSD
Simpson Manufacturing Stock Up 1.5 %
SSD traded up $2.23 during trading on Friday, reaching $147.36. 464,639 shares of the stock were exchanged, compared to its average volume of 284,697. 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 stock's 50 day moving average price is $163.27 and its two-hundred day moving average price is $174.35. Simpson Manufacturing Co., Inc. has a twelve month low of $137.90 and a twelve month high of $197.82. The stock has a market cap of $6.19 billion, a P/E ratio of 19.39 and a beta of 1.33.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last released 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 net margin of 14.44% and a return on equity of 18.00%. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.
Simpson Manufacturing Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's payout ratio is presently 14.74%.
Simpson Manufacturing Profile
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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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