Sei Investments Co. Has $22.49 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Sei Investments Co. lifted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 57.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,623 shares of the construction company’s stock after buying an additional 49,257 shares during the period. Sei Investments Co. owned about 0.32% of Simpson Manufacturing worth $22,490,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SSD. FMR LLC lifted its holdings in shares of Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after acquiring an additional 333,390 shares during the period. State Street Corp lifted its holdings in Simpson Manufacturing by 1.7% during the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after purchasing an additional 20,404 shares during the last quarter. Geode Capital Management LLC boosted its position in Simpson Manufacturing by 1.0% in the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock valued at $135,390,000 after buying an additional 7,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 last quarter. Finally, Port Capital LLC increased its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SSD shares. DA Davidson decreased their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird decreased their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th.

Insider Buying and Selling 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 shares were sold at an average price of $169.98, for a total transaction 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 $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

SSD opened at $159.03 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company’s 50 day simple moving average is $165.15 and its 200-day simple moving average is $175.38. Simpson Manufacturing Co., Inc. has a one year low of $152.74 and a one year high of $206.48. The stock has a market capitalization of $6.71 billion, a P/E ratio of 20.92 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 10th. The construction company reported $1.31 EPS 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%. Sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders 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 yield of 0.70%. Simpson Manufacturing’s dividend payout ratio is currently 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.