Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 312,191 shares of the construction company's stock after selling 63,434 shares during the quarter. Federated Hermes Inc. owned 0.73% of Simpson Manufacturing worth $61,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of SSD. 1832 Asset Management L.P. purchased a new position in Simpson Manufacturing in the first quarter valued at $27,000. Contravisory Investment Management Inc. acquired a new position in Simpson Manufacturing in the fourth quarter valued at $29,000. Quantbot Technologies LP acquired a new position in Simpson Manufacturing in the first quarter valued at $30,000. Arlington Trust Co LLC acquired a new position in Simpson Manufacturing in the third quarter valued at $31,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in Simpson Manufacturing in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on SSD shares. StockNews.com downgraded shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Wednesday, March 27th. Robert W. Baird upped their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 850 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares of the company's stock, valued at $5,697,573.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares of the company's stock, valued at $2,817,522.24. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares of the company's stock, valued at $5,697,573.12. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock valued at $927,460 over the last ninety days. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of SSD traded up $2.33 during mid-day trading on Friday, hitting $184.38. 386,314 shares of the company's stock were exchanged, compared to its average volume of 210,366. Simpson Manufacturing Co., Inc. has a fifty-two week low of $111.29 and a fifty-two week high of $218.38. The firm has a market capitalization of $7.83 billion, a P/E ratio of 22.32 and a beta of 1.30. The business's 50 day moving average is $197.56 and its two-hundred day moving average is $178.23. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27.

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

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.