Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,037 shares of the construction company’s stock after selling 800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Simpson Manufacturing were worth $1,996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after buying an additional 333,390 shares in the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Simpson Manufacturing by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock worth $271,972,000 after acquiring an additional 24,253 shares in the last quarter. State Street Corp grew its holdings in shares of Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock worth $240,392,000 after acquiring an additional 20,404 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Simpson Manufacturing by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after acquiring an additional 7,351 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after purchasing an additional 6,585 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird decreased their price target 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.

Simpson Manufacturing Stock Up 1.9 %

SSD stock opened at $171.10 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The firm has a market capitalization of $7.21 billion, a P/E ratio of 22.51 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 52-week low of $155.73 and a 52-week high of $218.38. The company’s 50 day simple moving average is $167.28 and its 200-day simple moving average is $178.00.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 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.