Wellington Management Group LLP Raises Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Wellington Management Group LLP lifted its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 35.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,197 shares of the construction company's stock after buying an additional 21,818 shares during the period. Wellington Management Group LLP owned approximately 0.20% of Simpson Manufacturing worth $13,962,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its holdings in Simpson Manufacturing by 15.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,613 shares of the construction company's stock worth $765,000 after buying an additional 629 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in Simpson Manufacturing by 2.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock valued at $447,000 after purchasing an additional 70 shares during the last quarter. Schroder Investment Management Group grew its holdings in Simpson Manufacturing by 29.9% during the fourth quarter. Schroder Investment Management Group now owns 182,521 shares of the construction company's stock valued at $30,198,000 after purchasing an additional 41,971 shares during the period. Pictet Asset Management Holding SA increased its position in Simpson Manufacturing by 10.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 6,339 shares of the construction company's stock worth $1,051,000 after buying an additional 610 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $1,545,000. 93.68% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

SSD has been the subject of several analyst reports. DA Davidson cut their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird cut their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th.

Simpson Manufacturing Trading Up 0.7 %

Shares of SSD traded up $1.11 during mid-day trading on Monday, reaching $150.94. The company's stock had a trading volume of 8,483 shares, compared to its average volume of 286,221. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The stock has a market cap of $6.34 billion, a PE ratio of 19.86 and a beta of 1.33. The company's fifty day moving average price is $160.29 and its two-hundred day moving average price is $172.09. 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 (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating 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%. On average, analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is presently 14.74%.

Insider Buying and Selling

In other news, EVP Michael Andersen sold 1,000 shares of the 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 transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by company insiders.

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.