Strs Ohio Sells 7,487 Shares of Simpson Manufacturing Company, Inc. $SSD

Strs Ohio cut its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 88.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,002 shares of the construction company’s stock after selling 7,487 shares during the period. Strs Ohio’s holdings in Simpson Manufacturing were worth $168,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. ProShare Advisors LLC grew its stake in Simpson Manufacturing by 3.5% during the second quarter. ProShare Advisors LLC now owns 1,856 shares of the construction company’s stock valued at $288,000 after acquiring an additional 62 shares in the last quarter. Inspire Advisors LLC grew its position in shares of Simpson Manufacturing by 1.2% during the 2nd quarter. Inspire Advisors LLC now owns 5,504 shares of the construction company’s stock valued at $855,000 after purchasing an additional 63 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Simpson Manufacturing by 4.7% in the second quarter. Coldstream Capital Management Inc. now owns 1,528 shares of the construction company’s stock worth $237,000 after purchasing an additional 69 shares during the period. World Investment Advisors raised its position in shares of Simpson Manufacturing by 1.5% in the third quarter. World Investment Advisors now owns 5,092 shares of the construction company’s stock worth $853,000 after buying an additional 75 shares in the last quarter. Finally, MGO One Seven LLC boosted its stake in Simpson Manufacturing by 1.1% during the third quarter. MGO One Seven LLC now owns 8,234 shares of the construction company’s stock valued at $1,379,000 after buying an additional 87 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SSD has been the topic of several recent analyst reports. Robert W. Baird raised their price target on Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. DA Davidson set a $190.00 target price on Simpson Manufacturing in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $201.00.

Simpson Manufacturing Trading Up 1.8%

Shares of SSD opened at $182.89 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 3.35 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $172.92 and a two-hundred day simple moving average of $175.86. The stock has a market capitalization of $7.58 billion, a P/E ratio of 22.28 and a beta of 1.37. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued a $0.29 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is 14.13%.

Insider Activity

In related news, Director Philip E. Donaldson sold 2,375 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $168.16, for a total value of $399,380.00. Following the completion of the transaction, the director directly owned 6,086 shares of the company’s stock, valued at $1,023,421.76. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.39% of the stock is owned by corporate insiders.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.