Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor 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 0.10% of Simpson Manufacturing worth $697,294,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of SSD. FMR LLC raised its stake in shares of Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after buying an additional 333,390 shares during the period. BNP Paribas Financial Markets raised its position in Simpson Manufacturing by 73.6% during the third quarter. BNP Paribas Financial Markets now owns 12,999 shares of the construction company’s stock worth $2,486,000 after acquiring an additional 5,512 shares during the period. Townsquare Capital LLC lifted its holdings in Simpson Manufacturing by 2.4% during the third quarter. Townsquare Capital LLC now owns 7,092 shares of the construction company’s stock valued at $1,356,000 after purchasing an additional 167 shares in the last quarter. Glenmede Trust Co. NA grew its position in shares of Simpson Manufacturing by 12.0% in the third quarter. Glenmede Trust Co. NA now owns 11,239 shares of the construction company’s stock valued at $2,150,000 after purchasing an additional 1,208 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Simpson Manufacturing during the third quarter worth about $2,678,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. DA Davidson lowered their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

SSD opened at $157.48 on Monday. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $164.76 and its 200 day moving average price is $175.21. Simpson Manufacturing Co., Inc. has a twelve month low of $152.74 and a twelve month high of $205.88. The firm has a market capitalization of $6.61 billion, a PE ratio of 20.72 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company 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 dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. Simpson Manufacturing’s payout ratio is 14.74%.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business’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 directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.42% of the company’s stock.

About Simpson Manufacturing

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.