Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Snyder Capital Management L P

Snyder Capital Management L P trimmed its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 249,919 shares of the construction company's stock after selling 11,515 shares during the period. Snyder Capital Management L P owned about 0.59% of Simpson Manufacturing worth $41,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. grew its holdings in Simpson Manufacturing by 60.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 186,851 shares of the construction company's stock worth $30,986,000 after acquiring an additional 70,625 shares during the period. Pinebridge Investments L.P. grew its holdings in Simpson Manufacturing by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 11,743 shares of the construction company's stock worth $1,947,000 after acquiring an additional 3,514 shares during the period. Dark Forest Capital Management LP acquired a new stake in Simpson Manufacturing during the fourth quarter worth about $885,000. Hsbc Holdings PLC acquired a new stake in Simpson Manufacturing during the fourth quarter worth about $4,602,000. Finally, Stifel Financial Corp grew its holdings in Simpson Manufacturing by 0.5% in the fourth quarter. Stifel Financial Corp now owns 87,140 shares of the construction company's stock valued at $14,451,000 after purchasing an additional 402 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on SSD. 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. DA Davidson cut their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

Insiders Place Their Bets

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 value of $169,980.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is currently owned by insiders.

Simpson Manufacturing Trading Down 1.2 %

Shares of SSD traded down $1.86 during mid-day trading on Wednesday, reaching $152.26. The stock had a trading volume of 60,753 shares, compared to its average volume of 273,991. 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 business's fifty day moving average is $155.48 and its 200 day moving average is $168.76. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 20.03 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. During the same quarter in the prior year, the firm posted $1.77 earnings per share. Simpson Manufacturing's quarterly revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.74%. The ex-dividend date was Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.58%.

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.