Teacher Retirement System of Texas Sells 1,832 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Teacher Retirement System of Texas cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,024 shares of the construction company’s stock after selling 1,832 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of Simpson Manufacturing worth $4,813,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SSD. Natixis Advisors LLC boosted its holdings in Simpson Manufacturing by 18.5% in the third quarter. Natixis Advisors LLC now owns 19,860 shares of the construction company’s stock worth $3,799,000 after purchasing an additional 3,095 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter worth about $131,000. Pathstone Holdings LLC boosted its stake in shares of Simpson Manufacturing by 2.5% during the 3rd quarter. Pathstone Holdings LLC now owns 20,252 shares of the construction company’s stock worth $3,874,000 after acquiring an additional 498 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares during the last quarter. Finally, Raymond James Trust N.A. raised its stake in shares of Simpson Manufacturing by 17.6% in the 3rd quarter. Raymond James Trust N.A. now owns 4,950 shares of the construction company’s stock valued at $947,000 after acquiring an additional 742 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $155.51 on Monday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 20.46 and a beta of 1.39. The business has a 50 day moving average price of $165.38 and a 200 day moving average price of $175.65. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a twelve month low of $152.74 and a twelve month high of $206.48.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating 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%. Research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. Simpson Manufacturing’s payout ratio is 14.74%.

Wall Street Analyst Weigh In

Several brokerages have commented on SSD. DA Davidson lowered their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’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 value of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.42% of the stock is owned by company insiders.

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.