Vestcor Inc Lowers Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Vestcor Inc lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 40.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,140 shares of the construction company’s stock after selling 1,441 shares during the quarter. Vestcor Inc’s holdings in Simpson Manufacturing were worth $355,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of SSD. Park Place Capital Corp acquired a new position in Simpson Manufacturing during the fourth quarter worth approximately $29,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $30,000. Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing during the 3rd quarter worth $37,000. UMB Bank n.a. raised its position 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 worth $34,000 after buying an additional 97 shares during the period. Finally, Millburn Ridgefield Corp acquired a new position in Simpson Manufacturing in the third quarter valued at $51,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SSD. 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 report on Tuesday, March 11th. Robert W. Baird cut their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’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 completion of the transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Up 0.8 %

NYSE:SSD opened at $159.47 on Tuesday. The business’s 50-day moving average is $165.53 and its two-hundred day moving average is $176.24. The firm has a market capitalization of $6.72 billion, a PE ratio of 20.98 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 12 month low of $153.87 and a 12 month high of $208.12. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59.

Simpson Manufacturing (NYSE:SSD) last announced its 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%. Research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.70%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

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.