Fiduciary Management Inc. WI Sells 1,722 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Fiduciary Management Inc. WI lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.2% in the fourth quarter, Holdings Channel reports. The firm owned 922,271 shares of the construction company’s stock after selling 1,722 shares during the period. Simpson Manufacturing comprises about 1.4% of Fiduciary Management Inc. WI’s holdings, making the stock its 28th biggest position. Fiduciary Management Inc. WI’s holdings in Simpson Manufacturing were worth $152,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SSD. MML Investors Services LLC acquired a new position in Simpson Manufacturing in the 3rd quarter valued at $290,000. Barclays PLC boosted its holdings in Simpson Manufacturing by 42.0% during the third quarter. Barclays PLC now owns 24,179 shares of the construction company’s stock valued at $4,624,000 after acquiring an additional 7,155 shares during the period. SkyView Investment Advisors LLC grew its position in shares of Simpson Manufacturing by 1.8% in the third quarter. SkyView Investment Advisors LLC now owns 9,324 shares of the construction company’s stock valued at $1,783,000 after purchasing an additional 163 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Simpson Manufacturing in the third quarter worth about $30,000. Finally, Tidal Investments LLC lifted its position in shares of Simpson Manufacturing by 4.8% during the 3rd quarter. Tidal Investments LLC now owns 2,901 shares of the construction company’s stock worth $555,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson dropped 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 lowered their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Simpson Manufacturing Stock Up 0.7 %

Shares of SSD opened at $147.28 on Friday. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The firm has a market capitalization of $6.18 billion, a P/E ratio of 19.38 and a beta of 1.33. The company has a 50-day simple moving average of $158.36 and a 200-day simple moving average of $170.87. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping 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%. On average, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

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.