Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC cut its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,056 shares of the construction company's stock after selling 2,009 shares during the quarter. WCM Investment Management LLC owned about 0.16% of Simpson Manufacturing worth $11,260,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in SSD. Riverbridge Partners LLC purchased a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $58,414,000. FMR LLC increased its position in shares of Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock worth $327,140,000 after acquiring an additional 333,390 shares during the last quarter. EP Wealth Advisors LLC increased its position in shares of Simpson Manufacturing by 1,020.1% during the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company's stock worth $26,745,000 after acquiring an additional 127,345 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Simpson Manufacturing by 67.2% during the third quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company's stock worth $41,976,000 after acquiring an additional 88,235 shares during the last quarter. Finally, Champlain Investment Partners LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter worth about $16,060,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Up 1.9 %

Simpson Manufacturing stock traded up $3.07 during midday trading on Thursday, hitting $167.75. The stock had a trading volume of 249,764 shares, compared to its average volume of 259,985. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The stock has a market cap of $7.07 billion, a P/E ratio of 22.16 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. The business has a fifty day moving average price of $169.31 and a 200 day moving average price of $178.56.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Robert W. Baird dropped their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday.

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.