Man Group plc Sells 4,986 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Man Group plc reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,811 shares of the construction company's stock after selling 4,986 shares during the period. Man Group plc owned 0.08% of Simpson Manufacturing worth $5,275,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Nomura Holdings Inc. acquired a new position in Simpson Manufacturing in the 4th quarter valued at about $928,000. NorthRock Partners LLC bought a new stake in shares of Simpson Manufacturing during the fourth quarter worth approximately $728,000. Numerai GP LLC acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $1,360,000. Cetera Investment Advisers grew its position in shares of Simpson Manufacturing by 27.2% in the fourth quarter. Cetera Investment Advisers now owns 4,313 shares of the construction company's stock valued at $715,000 after purchasing an additional 923 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Simpson Manufacturing during the fourth quarter worth approximately $2,172,000. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Performance

Shares of SSD traded down $0.99 during mid-day trading on Monday, hitting $154.51. 163,093 shares of the company's stock were exchanged, compared to its average volume of 271,811. 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's 50-day simple moving average is $154.09 and its 200-day simple moving average is $165.42. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 20.33 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $531.81 million. During the same quarter last year, the company earned $1.77 EPS. The company's revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is 15.10%.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company'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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SSD has been the subject of several recent research reports. DA Davidson reduced their price target on 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 reduced their target price 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.

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.