NewEdge Wealth LLC Cuts Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

NewEdge Wealth LLC decreased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,815 shares of the construction company’s stock after selling 5,876 shares during the period. NewEdge Wealth LLC owned approximately 0.08% of Simpson Manufacturing worth $5,442,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Champlain Investment Partners LLC purchased a new position in shares of Simpson Manufacturing during the third quarter valued at about $16,060,000. Diversified Trust Co purchased a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $591,000. US Bancorp DE grew its position in shares of Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Simpson Manufacturing by 8,883.3% during the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after purchasing an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after acquiring an additional 6,585 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th.

Insiders Place Their Bets

In other 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 transaction of $169,980.00. Following the completion of 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 legal filing with the SEC, which is accessible through this link. Also, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Trading Down 3.2 %

SSD opened at $163.44 on Friday. The firm has a market cap of $6.89 billion, a P/E ratio of 21.51 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38. 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 $167.11 and a 200 day moving average of $177.83.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 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. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s 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.