Wells Fargo & Company MN lessened its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 481,937 shares of the construction company's stock after selling 42,571 shares during the quarter. Wells Fargo & Company MN owned 1.14% of Simpson Manufacturing worth $79,920,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at approximately $29,000. World Investment Advisors LLC acquired a new stake in Simpson Manufacturing in the third quarter valued at $30,000. R Squared Ltd bought a new position in Simpson Manufacturing during the 4th quarter valued at $30,000. UMB Bank n.a. grew its holdings in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after acquiring an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after purchasing an additional 95 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at Simpson Manufacturing
In related news, EVP Michael Andersen sold 1,000 shares of the 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 sale, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.39% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Robert W. Baird reduced their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson cut their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th.
Read Our Latest Stock Report on Simpson Manufacturing
Simpson Manufacturing Stock Performance
SSD stock traded up $1.97 during trading on Friday, hitting $149.80. 223,308 shares of the company's stock traded hands, compared to its average volume of 287,309. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The stock has a fifty day moving average price of $160.29 and a two-hundred day moving average price of $172.09. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.
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 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%. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS 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. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.
Simpson Manufacturing Company 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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