Royal Bank of Canada Sells 2,885 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royal Bank of Canada decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 235,024 shares of the construction company's stock after selling 2,885 shares during the quarter. Royal Bank of Canada owned approximately 0.56% of Simpson Manufacturing worth $38,974,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP acquired a new position in Simpson Manufacturing during the fourth quarter worth $28,000. Park Place Capital Corp acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $29,000. R Squared Ltd acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $30,000. UMB Bank n.a. lifted its stake in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after acquiring an additional 97 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

SSD has been the subject of a number of recent analyst reports. Robert W. Baird cut their price target 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. DA Davidson cut their price target 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.

Simpson Manufacturing Stock Performance

Shares of SSD traded up $3.48 during trading hours on Tuesday, hitting $157.88. The company had a trading volume of 98,354 shares, compared to its average volume of 271,129. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 20.78 and a beta of 1.34. The business has a fifty day moving average of $153.99 and a 200-day moving average of $165.18. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. 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 (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The company's revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 earnings per share. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business 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 $0.29 dividend. The ex-dividend date is Thursday, July 3rd. This is a positive change 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 dividend payout ratio is presently 15.10%.

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.