Congress Wealth Management LLC DE Cuts Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Congress Wealth Management LLC DE lessened its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,450 shares of the construction company’s stock after selling 275 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Simpson Manufacturing were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SSD. Citigroup Inc. grew its holdings in Simpson Manufacturing by 4.0% during the third quarter. Citigroup Inc. now owns 46,119 shares of the construction company’s stock worth $8,821,000 after acquiring an additional 1,783 shares during the period. FMR LLC boosted its position in shares of Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after purchasing an additional 333,390 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Simpson Manufacturing by 73.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,999 shares of the construction company’s stock worth $2,486,000 after purchasing an additional 5,512 shares during the period. Townsquare Capital LLC increased its holdings in shares of Simpson Manufacturing by 2.4% in the 3rd quarter. Townsquare Capital LLC now owns 7,092 shares of the construction company’s stock valued at $1,356,000 after purchasing an additional 167 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Simpson Manufacturing by 12.0% in the third quarter. Glenmede Trust Co. NA now owns 11,239 shares of the construction company’s stock valued at $2,150,000 after purchasing an additional 1,208 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on SSD. DA Davidson lowered their target price on shares of 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 dropped their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $157.48 on Friday. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 20.72 and a beta of 1.39. The company’s 50-day moving average price is $164.76 and its 200 day moving average price is $175.19. Simpson Manufacturing Co., Inc. has a 52 week low of $152.74 and a 52 week high of $205.88.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share 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%. As a group, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing 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 completion of the sale, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by corporate 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.