Brevan Howard Capital Management LP Decreases Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Brevan Howard Capital Management LP trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 58.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,370 shares of the construction company's stock after selling 1,942 shares during the period. Brevan Howard Capital Management LP's holdings in Simpson Manufacturing were worth $227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capstone Investment Advisors LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter worth $2,172,000. Captrust Financial Advisors raised its stake in Simpson Manufacturing by 286.1% in the fourth quarter. Captrust Financial Advisors now owns 19,481 shares of the construction company's stock valued at $3,231,000 after buying an additional 14,435 shares during the last quarter. Caxton Associates LP acquired a new stake in Simpson Manufacturing in the fourth quarter worth about $695,000. Brown Advisory Inc. grew its stake in shares of Simpson Manufacturing by 4,755.8% during the fourth quarter. Brown Advisory Inc. now owns 168,302 shares of the construction company's stock worth $27,910,000 after acquiring an additional 164,836 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Simpson Manufacturing by 11.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,760 shares of the construction company's stock valued at $458,000 after acquiring an additional 281 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SSD. DA Davidson lowered their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Robert W. Baird lowered 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.

Insider Buying and Selling at Simpson Manufacturing

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

Simpson Manufacturing Trading Up 0.2%

Shares of NYSE:SSD opened at $157.40 on Monday. 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 52-week low of $137.35 and a 52-week high of $197.82. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 20.71 and a beta of 1.34. The business has a 50-day moving average price of $153.88 and a 200-day moving average price of $166.88.

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, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $531.81 million. During the same period last year, the firm posted $1.77 EPS. Simpson Manufacturing's revenue for the quarter was up 1.6% compared to the same quarter last year. Equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS 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 dividend of $0.29 per share. The ex-dividend date is Thursday, July 3rd. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 0.74%. Simpson Manufacturing's payout ratio is currently 15.10%.

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.

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