Capital International Investors Has $109.02 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Capital International Investors trimmed its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 34.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657,421 shares of the construction company's stock after selling 348,291 shares during the period. Capital International Investors owned 1.56% of Simpson Manufacturing worth $109,020,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in SSD. Norges Bank acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $73,758,000. Riverbridge Partners LLC bought a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $58,414,000. Raymond James Financial Inc. acquired a new stake in Simpson Manufacturing during the 4th quarter valued at $54,644,000. Champlain Investment Partners LLC boosted its holdings in shares of Simpson Manufacturing by 300.2% during the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company's stock worth $55,727,000 after buying an additional 252,085 shares during the period. Finally, Wealthfront Advisers LLC acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $15,603,000. Institutional investors and hedge funds own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SSD shares. Robert W. Baird lowered 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 report on Tuesday, February 11th. DA Davidson reduced their price target 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.

Insider Transactions at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Down 1.0 %

NYSE SSD traded down $1.58 during trading hours on Friday, reaching $152.85. The company's stock had a trading volume of 64,580 shares, compared to its average volume of 261,308. The firm has a fifty day simple moving average of $156.67 and a 200-day simple moving average of $169.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The stock has a market cap of $6.42 billion, a P/E ratio of 20.13 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.28 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. Simpson Manufacturing's payout ratio is currently 14.74%.

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.