Marshall Wace LLP Lowers Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Marshall Wace LLP cut its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 32.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,187 shares of the construction company's stock after selling 1,974 shares during the quarter. Marshall Wace LLP's holdings in Simpson Manufacturing were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SSD. Vanguard Group Inc. lifted its position in Simpson Manufacturing by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock valued at $697,294,000 after acquiring an additional 31,164 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Simpson Manufacturing by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock valued at $117,804,000 after purchasing an additional 2,502 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Simpson Manufacturing by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company's stock valued at $81,354,000 after purchasing an additional 3,467 shares during the last quarter. Norges Bank purchased a new position in Simpson Manufacturing during the 4th quarter worth $73,758,000. Finally, Federated Hermes Inc. increased its position in Simpson Manufacturing by 17.6% during the 4th quarter. Federated Hermes Inc. now owns 378,094 shares of the construction company's stock valued at $62,699,000 after buying an additional 56,670 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were 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 in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

SSD traded up $0.39 on Wednesday, reaching $153.82. 196,849 shares of the stock were exchanged, compared to its average volume of 271,165. The company's 50-day moving average price is $153.93 and its 200 day moving average price is $167.38. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The firm has a market capitalization of $6.46 billion, a PE ratio of 20.24 and a beta of 1.34. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82.

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. The company had revenue of $538.90 million during 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%. Simpson Manufacturing's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.77 EPS. As a group, sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.75%. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is presently 14.58%.

Wall Street Analyst Weigh In

SSD has been the subject of several recent analyst reports. DA Davidson lowered their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird cut their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th.

Simpson Manufacturing Company 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.