Royce & Associates LP Lowers Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royce & Associates LP lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 8.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 206,848 shares of the construction company’s stock after selling 18,025 shares during the quarter. Royce & Associates LP’s holdings in Simpson Manufacturing were worth $34,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Park Place Capital Corp bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $29,000. R Squared Ltd bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $30,000. Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter valued at about $37,000. UMB Bank n.a. increased its position in shares of Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in shares of Simpson Manufacturing during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the topic of several recent research reports. Robert W. Baird reduced their price objective on 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 reduced their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

SSD opened at $158.09 on Friday. The stock’s 50 day simple moving average is $165.65 and its 200 day simple moving average is $176.42. 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 Co., Inc. has a 1 year low of $153.87 and a 1 year high of $208.12. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 20.80 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 earnings per share (EPS) for the quarter, topping 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, analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

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