Ariel Investments LLC Sells 2,463 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Ariel Investments LLC decreased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,828 shares of the construction company's stock after selling 2,463 shares during the quarter. Ariel Investments LLC owned about 0.26% of Simpson Manufacturing worth $17,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Northern Trust Corp increased its holdings in Simpson Manufacturing by 21.2% during the fourth quarter. Northern Trust Corp now owns 551,986 shares of the construction company's stock worth $91,536,000 after buying an additional 96,559 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Simpson Manufacturing by 28.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 285,887 shares of the construction company's stock valued at $47,409,000 after purchasing an additional 62,918 shares during the period. Quarry LP bought a new position in Simpson Manufacturing during the fourth quarter worth about $28,000. T. Rowe Price Investment Management Inc. raised its stake in Simpson Manufacturing by 60.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 186,851 shares of the construction company's stock valued at $30,986,000 after buying an additional 70,625 shares during the period. Finally, Pinebridge Investments L.P. increased its holdings in shares of Simpson Manufacturing by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 11,743 shares of the construction company's stock worth $1,947,000 after acquiring an additional 3,514 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

SSD has been the topic of several research reports. DA Davidson decreased their price objective 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. Robert W. Baird cut their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE:SSD traded up $0.39 during mid-day trading on Wednesday, reaching $153.82. 196,849 shares of the company's stock were exchanged, compared to its average volume of 271,666. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The firm has a market capitalization of $6.46 billion, a PE ratio of 20.24 and a beta of 1.34. Simpson Manufacturing Co., Inc. has a one year low of $137.35 and a one year high of $197.82. The business's fifty day simple moving average is $154.13 and its two-hundred day simple moving average is $167.48.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 earnings per share. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is presently 14.58%.

Simpson Manufacturing 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.