Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 12,259 shares of the construction company’s stock after selling 815 shares during the period. Russell Investments Group Ltd.’s holdings in Simpson Manufacturing were worth $1,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Simpson Manufacturing during the 1st quarter valued at about $30,000. Eagle Bay Advisors LLC lifted its position in Simpson Manufacturing by 25.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 538 shares of the construction company’s stock worth $48,000 after buying an additional 109 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Simpson Manufacturing during the 1st quarter valued at $84,000. Covestor Ltd grew its holdings in shares of Simpson Manufacturing by 59.5% during the 1st quarter. Covestor Ltd now owns 815 shares of the construction company’s stock valued at $89,000 after acquiring an additional 304 shares in the last quarter. Finally, Huntington National Bank increased its stake in shares of Simpson Manufacturing by 19.5% in the third quarter. Huntington National Bank now owns 889 shares of the construction company’s stock worth $70,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.

Simpson Manufacturing Trading Down 0.6 %

Shares of NYSE:SSD opened at $121.08 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.95 and a current ratio of 3.70. The stock’s 50-day moving average is $115.23 and its 200-day moving average is $104.61. The company has a market cap of $5.17 billion, a P/E ratio of 15.89 and a beta of 1.23. Simpson Manufacturing Co., Inc. has a 52-week low of $75.25 and a 52-week high of $128.82.

Simpson Manufacturing (NYSE:SSD – Get Rating) last released its earnings results on Monday, April 24th. The construction company reported $2.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.59. Simpson Manufacturing had a return on equity of 23.71% and a net margin of 15.18%. The firm had revenue of $534.40 million for the quarter, compared to analyst estimates of $486.76 million. During the same quarter last year, the firm posted $2.18 EPS. The company’s revenue was up 8.3% on a year-over-year basis. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.21 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Thursday, July 6th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.89%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.26. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.17%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SSD shares. DA Davidson lifted their price target on Simpson Manufacturing from $120.00 to $135.00 in a report on Tuesday, April 25th. Robert W. Baird increased their target price on shares of Simpson Manufacturing from $125.00 to $140.00 in a research report on Tuesday, April 25th. Finally, StockNews.com initiated coverage on Simpson Manufacturing in a report on Thursday, May 18th. They set a “buy” rating on the stock.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 4,000 shares of Simpson Manufacturing stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $122.94, for a total transaction of $491,760.00. Following the sale, the executive vice president now owns 7,573 shares in the company, valued at $931,024.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Karen Winifred Colonias sold 9,136 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $125.35, for a total transaction of $1,145,197.60. Following the completion of the transaction, the director now owns 14,623 shares in the company, valued at approximately $1,832,993.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Andersen sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $122.94, for a total value of $491,760.00. Following the transaction, the executive vice president now owns 7,573 shares of the company’s stock, valued at approximately $931,024.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,136 shares of company stock valued at $3,373,358. 0.65% of the stock is owned by corporate insiders.

Simpson Manufacturing Profile

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Simpson Manufacturing Co, Inc engages in the manufacture and marketing of building and construction solutions. It offers wood construction products, which include connectors, truss plates, fastening systems, and lateral systems primarily used to strengthen, support, and connect wood applications in residential and commercial construction, as well as do-it-yourself (DIY) projects, concrete construction products such as anchor, repair, and protection, and strengthening products for concrete, brick, and masonry applications in industrial, infrastructure, residential commercial, and DIY projects.