Simpson Manufacturing Co., Inc. (NYSE:SSD) Stake Lessened by Sepio Capital LP

Sepio Capital LP decreased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 38.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,931 shares of the construction company’s stock after selling 1,223 shares during the period. Sepio Capital LP’s holdings in Simpson Manufacturing were worth $320,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSD. Vanguard Group Inc. lifted its holdings in shares of Simpson Manufacturing by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company’s stock valued at $697,294,000 after buying an additional 31,164 shares during the period. State Street Corp lifted its holdings in Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after acquiring an additional 20,404 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Simpson Manufacturing by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company’s stock valued at $117,804,000 after purchasing an additional 2,502 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Simpson Manufacturing by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock worth $81,354,000 after purchasing an additional 3,467 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $73,758,000. Institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s 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 transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Stock Up 1.5 %

Shares of NYSE:SSD opened at $147.36 on Monday. The firm has a 50 day simple moving average of $163.27 and a 200 day simple moving average of $174.19. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The company has a market cap of $6.19 billion, a PE ratio of 19.39 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 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, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is 14.74%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. DA Davidson cut their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Robert W. Baird reduced their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

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.