Dimensional Fund Advisors LP Sells 12,857 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Dimensional Fund Advisors LP decreased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 909,548 shares of the construction company's stock after selling 12,857 shares during the period. Dimensional Fund Advisors LP owned about 2.16% of Simpson Manufacturing worth $150,831,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. New York Life Investment Management LLC purchased a new position in Simpson Manufacturing during the 4th quarter worth $738,000. Diversified Trust Co purchased a new position in Simpson Manufacturing during the fourth quarter worth about $591,000. Van ECK Associates Corp grew its position in Simpson Manufacturing by 29.3% in the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock worth $5,979,000 after purchasing an additional 8,170 shares in the last quarter. Financial Advocates Investment Management purchased a new stake in Simpson Manufacturing in the 4th quarter valued at about $401,000. Finally, KBC Group NV lifted its position in shares of Simpson Manufacturing by 54.7% during the 4th 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. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock traded down $0.54 during trading on Wednesday, hitting $153.58. The stock had a trading volume of 259,426 shares, compared to its average volume of 274,114. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The stock's 50 day moving average is $155.17 and its two-hundred day moving average is $168.66. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 20.21 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. During the same quarter last year, the firm posted $1.77 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors 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 0.73%. The ex-dividend date was Thursday, April 3rd. Simpson Manufacturing's payout ratio is currently 14.58%.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the 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 sale, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This represents 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. 0.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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