Victory Capital Management Inc. Sells 57,345 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Victory Capital Management Inc. trimmed its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 38.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,475 shares of the construction company's stock after selling 57,345 shares during the period. Victory Capital Management Inc. owned approximately 0.22% of Simpson Manufacturing worth $15,169,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SSD. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $29,000. World Investment Advisors LLC bought a new position in shares of Simpson Manufacturing in the 3rd quarter valued at about $30,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing during the fourth quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares during the period. Finally, Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth $37,000. 93.68% of the stock is owned by institutional investors.

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 stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.42% of the company's stock.

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Simpson Manufacturing Stock Down 1.8 %

Shares of Simpson Manufacturing stock traded down $2.76 during trading on Thursday, reaching $154.41. The stock had a trading volume of 139,106 shares, compared to its average volume of 247,219. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 20.32 and a beta of 1.39. The stock has a fifty day moving average price of $166.02 and a two-hundred day moving average price of $176.81. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 52 week low of $153.87 and a 52 week high of $208.12.

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 net margin of 14.44% and a return on equity of 18.00%. Sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business 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 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.

Analyst Ratings Changes

A number of brokerages have recently commented on SSD. Robert W. Baird lowered their price target 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 dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday.

Simpson Manufacturing Company 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.