Gotham Asset Management LLC Has $5.88 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Gotham Asset Management LLC decreased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,462 shares of the construction company’s stock after selling 22,153 shares during the period. Gotham Asset Management LLC owned about 0.08% of Simpson Manufacturing worth $5,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SSD. Norges Bank bought a new position in Simpson Manufacturing in the 4th quarter valued at approximately $73,758,000. Riverbridge Partners LLC bought a new position in Simpson Manufacturing in the 4th quarter valued at approximately $58,414,000. Raymond James Financial Inc. bought a new position in Simpson Manufacturing in the 4th quarter valued at approximately $54,644,000. Ameriprise Financial Inc. lifted its stake in Simpson Manufacturing by 90.4% in the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company’s stock valued at $96,405,000 after purchasing an additional 275,989 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in Simpson Manufacturing by 300.2% in the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company’s stock valued at $55,727,000 after purchasing an additional 252,085 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.8%

Shares of NYSE SSD opened at $165.67 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The firm has a 50 day moving average price of $154.00 and a two-hundred day moving average price of $166.76. The stock has a market cap of $6.95 billion, a P/E ratio of 21.80 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm had revenue of $538.90 million during the quarter, compared to analysts’ expectations of $531.81 million. During the same period in the prior year, the company posted $1.77 EPS. The company’s revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be paid a $0.29 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing’s dividend payout ratio is currently 15.10%.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This represents a 10.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SSD. Robert W. Baird dropped their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. DA Davidson decreased their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th.

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.