Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,773 shares of the construction company's stock after selling 13,441 shares during the period. D. E. Shaw & Co. Inc. owned 0.33% of Simpson Manufacturing worth $22,847,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in SSD. GAMMA Investing LLC lifted its position in Simpson Manufacturing by 16.8% in the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock worth $74,000 after purchasing an additional 64 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Simpson Manufacturing by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock valued at $216,000 after buying an additional 64 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Simpson Manufacturing by 2.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock valued at $447,000 after buying an additional 70 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after acquiring an additional 88 shares during the period. Finally, V Square Quantitative Management LLC raised its position 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 worth $45,000 after acquiring an additional 95 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 0.2%

Shares of SSD opened at $157.40 on Monday. The business's 50-day moving average price is $153.88 and its 200 day moving average price is $166.88. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6.61 billion, a P/E ratio of 20.71 and a beta of 1.34. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. The business had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm posted $1.77 earnings per share. Analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's payout ratio is 15.10%.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the sale, the executive vice president now directly owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This represents a 10.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SSD shares. DA Davidson lowered their price objective 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. Robert W. Baird cut their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.