Mutual of America Capital Management LLC Has $3.69 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Mutual of America Capital Management LLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,272 shares of the construction company’s stock after selling 517 shares during the quarter. Mutual of America Capital Management LLC owned about 0.05% of Simpson Manufacturing worth $3,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSD. Park Place Capital Corp acquired a new position in Simpson Manufacturing in the fourth quarter valued at approximately $29,000. World Investment Advisors LLC acquired a new position in Simpson Manufacturing in the third quarter valued at approximately $30,000. R Squared Ltd acquired a new position in Simpson Manufacturing in the fourth quarter valued at approximately $30,000. UMB Bank n.a. lifted 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 buying an additional 97 shares during the period. Finally, Prospera Private Wealth LLC acquired a new position in Simpson Manufacturing in the third quarter valued at approximately $37,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Simpson Manufacturing Trading Up 2.8 %

NYSE SSD opened at $162.06 on Thursday. The business has a 50 day moving average price of $166.53 and a 200-day moving average price of $177.47. Simpson Manufacturing Co., Inc. has a 52 week low of $154.97 and a 52 week high of $218.38. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 21.32 and a beta of 1.39. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results 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 return on equity of 18.00% and a net margin of 14.44%. As a group, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors 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 0.69%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.74%.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

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.