Prudential Financial Inc. Cuts Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Prudential Financial Inc. lowered its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 31.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,738 shares of the construction company’s stock after selling 1,268 shares during the quarter. Prudential Financial Inc.’s holdings in Simpson Manufacturing were worth $454,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SSD. Park Place Capital Corp purchased a new stake in Simpson Manufacturing during the fourth quarter worth approximately $29,000. World Investment Advisors LLC acquired a new stake in Simpson Manufacturing in the 3rd quarter valued at $30,000. R Squared Ltd purchased a new position in Simpson Manufacturing in the fourth quarter valued at about $30,000. UMB Bank n.a. lifted its stake in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after purchasing an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 7.3 %

NYSE:SSD opened at $150.00 on Thursday. Simpson Manufacturing Co., Inc. has a one year low of $137.35 and a one year high of $197.82. The business’s 50-day simple moving average is $160.95 and its 200 day simple moving average is $172.79. 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 stock has a market cap of $6.30 billion, a price-to-earnings ratio of 19.74 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating 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, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.75%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing 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 completion of the transaction, the executive vice president now owns 8,810 shares of the company’s stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analyst Weigh In

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