Bessemer Group Inc. Lowers Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Bessemer Group Inc. decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 32.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,783 shares of the construction company’s stock after selling 47,264 shares during the quarter. Bessemer Group Inc.’s holdings in Simpson Manufacturing were worth $16,547,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Simpson Manufacturing by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company’s stock valued at $697,294,000 after purchasing an additional 31,164 shares during the last quarter. State Street Corp lifted its holdings in shares of Simpson Manufacturing by 1.7% during the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock worth $240,392,000 after acquiring an additional 20,404 shares during the last quarter. Geode Capital Management LLC grew its position in Simpson Manufacturing by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company’s stock worth $117,804,000 after acquiring an additional 2,502 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Simpson Manufacturing by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock valued at $81,354,000 after acquiring an additional 3,467 shares during the last quarter. Finally, Norges Bank purchased a new stake in Simpson Manufacturing during the fourth quarter valued at about $73,758,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $147.95 on Friday. The company’s fifty day moving average is $160.60 and its 200 day moving average is $172.49. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The stock has a market cap of $6.21 billion, a PE ratio of 19.47 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 earnings per share 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%. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is 14.74%.

Analyst Ratings Changes

SSD has been the subject of a number of research reports. Robert W. Baird cut their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. DA Davidson cut their target price 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.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s 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 sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is owned by insiders.

About Simpson Manufacturing

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.