Bank of America Corp DE Sells 3,970 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Bank of America Corp DE decreased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,418 shares of the construction company's stock after selling 3,970 shares during the period. Bank of America Corp DE owned about 0.50% of Simpson Manufacturing worth $34,728,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Quarry LP bought a new stake in Simpson Manufacturing in the fourth quarter worth approximately $28,000. Park Place Capital Corp acquired a new position in shares of Simpson Manufacturing during the 4th quarter valued at $29,000. R Squared Ltd acquired a new position in shares of Simpson Manufacturing during the 4th quarter valued at $30,000. UMB Bank n.a. boosted its stake in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after acquiring an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after purchasing an additional 95 shares during the period. Institutional investors own 93.68% of the company's stock.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock traded down $0.43 during mid-day trading on Monday, reaching $163.49. 279,517 shares of the company's stock were exchanged, compared to its average volume of 271,526. The business's fifty day simple moving average is $154.04 and its 200 day simple moving average is $166.26. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a one year low of $137.35 and a one year high of $197.82. The firm has a market capitalization of $6.84 billion, a PE ratio of 21.51 and a beta of 1.34.

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

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio (DPR) is presently 15.10%.

Analyst Ratings Changes

SSD has been the topic of a number of research analyst reports. Robert W. Baird cut their price objective 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 decreased their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

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.