Allspring Global Investments Holdings LLC Sells 147,731 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Allspring Global Investments Holdings LLC trimmed its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 264,990 shares of the construction company's stock after selling 147,731 shares during the period. Allspring Global Investments Holdings LLC owned about 0.62% of Simpson Manufacturing worth $52,463,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. lifted its stake in Simpson Manufacturing by 5.8% during the first quarter. American Century Companies Inc. now owns 10,786 shares of the construction company's stock valued at $1,176,000 after buying an additional 587 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Simpson Manufacturing by 4.2% in the 1st quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company's stock valued at $300,000 after acquiring an additional 111 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in Simpson Manufacturing in the 1st quarter worth approximately $231,000. Bank of Montreal Can grew its position in Simpson Manufacturing by 4.0% during the 1st quarter. Bank of Montreal Can now owns 3,420 shares of the construction company's stock worth $389,000 after purchasing an additional 133 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Simpson Manufacturing by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,920 shares of the construction company's stock valued at $1,736,000 after purchasing an additional 1,518 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Roger Dankel sold 850 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the sale, the executive vice president now owns 28,764 shares of the company's stock, valued at $5,697,573.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Phillip Burton sold 2,000 shares of the company's stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now owns 4,044 shares of the company's stock, valued at approximately $854,861.16. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock worth $927,460 over the last ninety days. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SSD has been the subject of several recent analyst reports. StockNews.com cut Simpson Manufacturing from a "buy" rating to a "hold" rating in a research report on Wednesday, March 27th. Robert W. Baird lifted their target price on Simpson Manufacturing from $198.00 to $205.00 and gave the company an "outperform" rating in a research note on Tuesday, February 6th.

Simpson Manufacturing Stock Up 1.0 %

Shares of NYSE:SSD traded up $1.86 during trading on Thursday, reaching $184.77. 223,830 shares of the company traded hands, compared to its average volume of 220,677. Simpson Manufacturing Co., Inc. has a 1-year low of $108.35 and a 1-year high of $218.38. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. The firm has a market cap of $7.85 billion, a P/E ratio of 22.37 and a beta of 1.30. The firm has a fifty day simple moving average of $197.91 and a 200 day simple moving average of $176.57.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing analysts' consensus estimates of $1.53 by ($0.25). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The firm had revenue of $501.70 million during the quarter, compared to analysts' expectations of $482.98 million. During the same quarter last year, the firm earned $1.35 EPS. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.58%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing's payout ratio is presently 13.08%.

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.