Barclays PLC Grows Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Barclays PLC boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 42.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,537 shares of the construction company's stock after purchasing an additional 10,358 shares during the quarter. Barclays PLC owned about 0.08% of Simpson Manufacturing worth $5,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SSD. New York Life Investment Management LLC bought a new position in shares of Simpson Manufacturing during the fourth quarter worth $738,000. Diversified Trust Co bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $591,000. Van ECK Associates Corp grew its position in shares of Simpson Manufacturing by 29.3% during the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock valued at $5,979,000 after purchasing an additional 8,170 shares in the last quarter. Financial Advocates Investment Management purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $401,000. Finally, KBC Group NV lifted its position in shares of Simpson Manufacturing by 54.7% in the fourth quarter. KBC Group NV now owns 1,866 shares of the construction company's stock worth $309,000 after buying an additional 660 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.39% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on SSD. DA Davidson reduced their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird dropped 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 note on Tuesday, February 11th.

Simpson Manufacturing Trading Up 1.3 %

Shares of Simpson Manufacturing stock traded up $2.06 during trading on Thursday, hitting $155.75. The stock had a trading volume of 15,884 shares, compared to its average volume of 273,096. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The stock has a market cap of $6.54 billion, a PE ratio of 20.52 and a beta of 1.33. The firm's fifty day simple moving average is $155.17 and its 200-day simple moving average is $168.66.

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

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio is currently 14.58%.

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.