Mutual of America Capital Management LLC Reduces Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Mutual of America Capital Management LLC decreased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,377 shares of the construction company’s stock after selling 1,372 shares during the period. Mutual of America Capital Management LLC’s holdings in Simpson Manufacturing were worth $5,222,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. HBK Sorce Advisory LLC acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $265,000. International Assets Investment Management LLC boosted its holdings in shares of Simpson Manufacturing by 4,634.4% during the fourth quarter. International Assets Investment Management LLC now owns 13,067 shares of the construction company’s stock worth $2,587,000 after purchasing an additional 12,791 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Simpson Manufacturing by 4.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,605 shares of the construction company’s stock valued at $4,079,000 after acquiring an additional 917 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Simpson Manufacturing by 5.3% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 42,780 shares of the construction company’s stock valued at $8,526,000 after acquiring an additional 2,140 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Simpson Manufacturing in the fourth quarter valued at $304,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.1 %

Shares of SSD opened at $184.87 on Monday. The stock’s 50-day moving average is $197.86 and its two-hundred day moving average is $177.23. The stock has a market cap of $7.85 billion, a PE ratio of 22.38 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 12 month low of $108.35 and a 12 month high of $218.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The company had revenue of $501.70 million for the quarter, compared to analyst estimates of $482.98 million. Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio is presently 13.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Robert W. Baird lifted their target price on Simpson Manufacturing from $198.00 to $205.00 and gave the company an “outperform” rating in a report on Tuesday, February 6th.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the sale, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at $5,033,092.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the sale, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at $5,033,092.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares in the company, valued at $854,861.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,634 shares of company stock valued at $927,460. 0.42% of the stock is currently owned by insiders.

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.