Simpson Manufacturing Co., Inc. (NYSE:SSD) Stake Trimmed by Legal & General Group Plc

Legal & General Group Plc lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,967 shares of the construction company’s stock after selling 6,591 shares during the period. Legal & General Group Plc’s holdings in Simpson Manufacturing were worth $13,261,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing during the fourth quarter valued at approximately $29,000. World Investment Advisors LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter valued at $30,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $30,000. UMB Bank n.a. boosted its position in shares of Simpson Manufacturing by 88.2% in the fourth 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, V Square Quantitative Management LLC grew its holdings in shares of Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after buying an additional 95 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction 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 completion of the sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $149.76 on Wednesday. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. 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 business has a fifty day simple moving average of $159.58 and a 200 day simple moving average of $171.65.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SSD. Robert W. Baird decreased their price objective 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. DA Davidson decreased their price target 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.

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.