Schroder Investment Management Group Decreases Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Schroder Investment Management Group lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,566 shares of the construction company’s stock after selling 15,442 shares during the quarter. Schroder Investment Management Group’s holdings in Simpson Manufacturing were worth $25,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth $29,000. GAMMA Investing LLC purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth $35,000. Headlands Technologies LLC purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth $37,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth $54,000. Finally, Byrne Asset Management LLC purchased a new position in shares of Simpson Manufacturing in the fourth quarter worth $121,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on SSD. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Robert W. Baird upped their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th.

Read Our Latest Stock Analysis on Simpson Manufacturing

Simpson Manufacturing Stock Down 0.6 %

Simpson Manufacturing stock opened at $160.10 on Tuesday. The stock has a market cap of $6.75 billion, a PE ratio of 20.06 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38. The stock has a fifty day moving average of $176.30 and a 200 day moving average of $185.95.

Simpson Manufacturing (NYSE:SSDGet Free Report) last issued its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The company had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. As a group, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be given a $0.28 dividend. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. Simpson Manufacturing’s dividend payout ratio is presently 13.53%.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the sale, the executive vice president now owns 5,033 shares in the company, valued at $861,347.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Jennifer Lutz sold 750 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the transaction, the executive vice president now owns 5,033 shares of the company’s stock, valued at $861,347.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders sold a total of 3,600 shares of company stock worth $646,983 over the last quarter. 0.42% of the stock is currently owned by corporate insiders.

About Simpson Manufacturing

(Free Report)

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.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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