Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. trimmed its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,162 shares of the construction company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Simpson Manufacturing were worth $524,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York Life Investment Management LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $738,000. Champlain Investment Partners LLC acquired a new stake in shares of Simpson Manufacturing during the 3rd quarter worth about $16,060,000. Diversified Trust Co acquired a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $591,000. Charles Schwab Investment Management Inc. grew its position in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after purchasing an additional 7,351 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the firm’s 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SSD shares. Robert W. Baird reduced their price target on shares of 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 target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $159.47 on Tuesday. The firm has a market cap of $6.72 billion, a PE ratio of 20.98 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 52-week low of $153.87 and a 52-week high of $208.12. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $165.53 and its two-hundred day moving average is $176.24.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

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.