Royce & Associates LP Sells 18,025 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Royce & Associates LP lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,848 shares of the construction company’s stock after selling 18,025 shares during the quarter. Royce & Associates LP owned 0.49% of Simpson Manufacturing worth $34,302,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SSD. Park Place Capital Corp bought a new stake in Simpson Manufacturing during the fourth quarter worth $29,000. World Investment Advisors LLC bought a new stake in Simpson Manufacturing during the third quarter worth $30,000. R Squared Ltd bought a new stake in Simpson Manufacturing during the fourth quarter worth $30,000. UMB Bank n.a. grew its holdings in 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 buying an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in Simpson Manufacturing in the 3rd quarter valued at $37,000. Institutional investors own 93.68% of the company’s stock.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SSD shares. DA Davidson reduced their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Robert W. Baird reduced their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Simpson Manufacturing Stock Up 2.4 %

Shares of NYSE:SSD opened at $158.09 on Friday. The company has a market capitalization of $6.67 billion, a PE ratio of 20.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The business has a fifty day moving average price of $165.65 and a two-hundred day moving average price of $176.42. Simpson Manufacturing Co., Inc. has a 1 year low of $153.87 and a 1 year high of $208.12.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Simpson Manufacturing 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.