Fiduciary Management Inc. WI Sells 1,722 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Fiduciary Management Inc. WI lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 922,271 shares of the construction company's stock after selling 1,722 shares during the period. Simpson Manufacturing comprises 1.4% of Fiduciary Management Inc. WI's holdings, making the stock its 28th biggest holding. Fiduciary Management Inc. WI owned about 2.19% of Simpson Manufacturing worth $152,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its position in Simpson Manufacturing by 1.8% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 37,692 shares of the construction company's stock worth $6,249,000 after buying an additional 672 shares during the last quarter. Champlain Investment Partners LLC raised its position in shares of Simpson Manufacturing by 300.2% during the fourth quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company's stock worth $55,727,000 after purchasing an additional 252,085 shares during the period. Farringdon Capital Ltd. purchased a new stake in shares of Simpson Manufacturing during the fourth quarter valued at $508,000. Ontario Teachers Pension Plan Board acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at $466,000. Finally, Mariner LLC increased its stake in Simpson Manufacturing by 3.7% in the 4th quarter. Mariner LLC now owns 8,843 shares of the construction company's stock worth $1,466,000 after purchasing an additional 317 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Insider Activity

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 shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SSD has been the subject of a number of analyst reports. Robert W. Baird reduced their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note 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 for the company in a research report on Tuesday, March 11th.

Simpson Manufacturing Stock Up 2.5 %

NYSE:SSD traded up $3.74 during trading hours on Thursday, hitting $154.05. 38,700 shares of the company's stock traded hands, compared to its average volume of 262,396. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The firm has a market cap of $6.47 billion, a P/E ratio of 20.27 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The stock's fifty day moving average price is $157.07 and its two-hundred day moving average price is $169.97.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results 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 net margin of 14.44% and a return on equity of 18.00%. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 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.