WCM Investment Management LLC Decreases Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

WCM Investment Management LLC reduced its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,056 shares of the construction company’s stock after selling 2,009 shares during the quarter. WCM Investment Management LLC owned approximately 0.16% of Simpson Manufacturing worth $11,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Park Place Capital Corp acquired a new stake in Simpson Manufacturing during the fourth quarter worth approximately $29,000. World Investment Advisors LLC purchased a new position in shares of Simpson Manufacturing during the 3rd quarter worth $30,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $30,000. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing in the third quarter valued at $34,000. Finally, UMB Bank n.a. increased its stake in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $165.42 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 21.85 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38. The company has a 50 day moving average price of $170.62 and a 200 day moving average price of $179.02.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.80%.

Analysts Set New Price Targets

Separately, Robert W. Baird lifted their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday, October 21st.

Simpson Manufacturing Company 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.