Schroder Investment Management Group Has $25.45 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Schroder Investment Management Group lessened its stake in Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 10.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,566 shares of the construction company’s stock after selling 15,442 shares during the quarter. Schroder Investment Management Group owned approximately 0.30% of Simpson Manufacturing worth $25,453,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in Simpson Manufacturing by 103.3% during the 4th quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company’s stock valued at $2,009,000 after purchasing an additional 5,154 shares during the last quarter. Axiom Investors LLC DE lifted its holdings in shares of Simpson Manufacturing by 129.0% during the fourth quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock worth $21,147,000 after buying an additional 60,178 shares in the last quarter. Epoch Investment Partners Inc. boosted its position in shares of Simpson Manufacturing by 250.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after acquiring an additional 232,600 shares during the period. M&T Bank Corp boosted its position in shares of Simpson Manufacturing by 66.2% in the fourth quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock valued at $5,250,000 after acquiring an additional 10,564 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in shares of Simpson Manufacturing by 3.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 589,494 shares of the construction company’s stock valued at $116,708,000 after acquiring an additional 21,726 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Robert W. Baird boosted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

Get Our Latest Research Report on Simpson Manufacturing

Insider Transactions at Simpson Manufacturing

In other news, EVP Jennifer Lutz sold 750 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at $861,347.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Jennifer Lutz sold 750 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at $861,347.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Roger Dankel sold 2,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the completion of the sale, the executive vice president now directly owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The disclosure for this sale can be found here. Insiders have sold 3,600 shares of company stock valued at $646,983 over the last ninety days. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Stock Down 0.6 %

SSD stock opened at $160.10 on Tuesday. The company has a market cap of $6.75 billion, a PE ratio of 20.06 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 52 week low of $123.93 and a 52 week high of $218.38. The business has a 50-day simple moving average of $176.30 and a 200 day simple moving average of $185.95. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26.

Simpson Manufacturing (NYSE:SSDGet Free Report) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. Simpson Manufacturing’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.05 earnings per share. Sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is presently 13.53%.

Simpson Manufacturing Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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