Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Millennium Management LLC

Millennium Management LLC reduced its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 65.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,289 shares of the construction company's stock after selling 42,124 shares during the quarter. Millennium Management LLC owned about 0.05% of Simpson Manufacturing worth $3,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SSD. New York Life Investment Management LLC acquired a new position in shares of Simpson Manufacturing during the fourth quarter worth about $738,000. Van ECK Associates Corp increased its stake in shares of Simpson Manufacturing by 29.3% in the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock worth $5,979,000 after buying an additional 8,170 shares during the last quarter. Financial Advocates Investment Management bought a new stake in shares of Simpson Manufacturing in the fourth quarter worth $401,000. KBC Group NV raised its holdings in Simpson Manufacturing by 54.7% in the fourth quarter. KBC Group NV now owns 1,866 shares of the construction company's stock valued at $309,000 after acquiring an additional 660 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Simpson Manufacturing by 15.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 287,422 shares of the construction company's stock valued at $47,255,000 after acquiring an additional 38,505 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded up $0.68 during trading hours on Wednesday, reaching $159.23. The company's stock had a trading volume of 273,228 shares, compared to its average volume of 271,690. The stock has a market cap of $6.66 billion, a P/E ratio of 20.95 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a one year low of $137.35 and a one year high of $197.82. The company's 50 day simple moving average is $153.73 and its 200 day simple moving average is $164.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

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

Simpson Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders 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 annualized dividend and a dividend yield of 0.73%. Simpson Manufacturing's payout ratio is currently 15.10%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. DA Davidson cut their target price on shares of 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 lowered their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a 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.