Simpson Manufacturing Co., Inc. (NYSE:SSD) Stake Lessened by Vestcor Inc

Vestcor Inc trimmed its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 40.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,140 shares of the construction company’s stock after selling 1,441 shares during the quarter. Vestcor Inc’s holdings in Simpson Manufacturing were worth $355,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after purchasing an additional 333,390 shares in the last quarter. State Street Corp increased its holdings in Simpson Manufacturing by 1.7% in the third quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after buying an additional 20,404 shares during the last quarter. Geode Capital Management LLC raised its stake 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 valued at $135,390,000 after buying an additional 7,351 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Simpson Manufacturing by 0.7% during the 4th 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 grew its position in shares of Simpson Manufacturing by 0.3% in the 3rd quarter. Port Capital LLC now owns 369,255 shares of the construction company’s stock worth $70,627,000 after acquiring an additional 975 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Up 0.8 %

NYSE:SSD opened at $159.47 on Tuesday. 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 50 day moving average of $165.53 and a 200-day moving average of $176.24. The firm has a market capitalization of $6.72 billion, a PE ratio of 20.98 and a beta of 1.39. 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 quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company 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 $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.70%. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SSD shares. DA Davidson dropped 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 dropped their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th.

Insider Activity at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing 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 sale, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by 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.