Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Lindenwold Advisors INC

Lindenwold Advisors INC lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,803 shares of the construction company’s stock after selling 339 shares during the period. Lindenwold Advisors INC’s holdings in Simpson Manufacturing were worth $299,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. FMR LLC lifted its position in Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after buying an additional 333,390 shares during the period. State Street Corp lifted its position in Simpson Manufacturing by 1.7% during the third quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock worth $240,392,000 after buying an additional 20,404 shares during the period. Geode Capital Management LLC lifted its position in Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock worth $135,390,000 after buying an additional 7,351 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Simpson Manufacturing by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock worth $81,354,000 after buying an additional 3,467 shares during the period. Finally, Port Capital LLC lifted its position in Simpson Manufacturing by 0.3% during the third quarter. Port Capital LLC now owns 369,255 shares of the construction company’s stock worth $70,627,000 after buying an additional 975 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Activity at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the business’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 transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird reduced their target price on 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 dropped their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Price Performance

Shares of SSD opened at $158.86 on Wednesday. The firm has a market cap of $6.70 billion, a price-to-earnings ratio of 20.90 and a beta of 1.39. The stock has a 50 day moving average of $165.47 and a 200-day moving average of $176.07. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 52 week low of $153.87 and a 52 week high of $208.12.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. Simpson Manufacturing’s payout ratio is 14.74%.

Simpson Manufacturing 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.