Schonfeld Strategic Advisors LLC Reduces Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Schonfeld Strategic Advisors LLC decreased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,770 shares of the construction company’s stock after selling 130 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Simpson Manufacturing were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Simpson Manufacturing by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock valued at $74,000 after acquiring an additional 64 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock valued at $216,000 after buying an additional 64 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of Simpson Manufacturing by 2.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company’s stock worth $447,000 after buying an additional 70 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Simpson Manufacturing by 1.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock valued at $1,042,000 after buying an additional 88 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Up 0.2 %

NYSE:SSD opened at $157.40 on Friday. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The stock’s fifty day moving average is $153.88 and its two-hundred day moving average is $166.99. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 20.71 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to analysts’ expectations of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Simpson Manufacturing’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period last year, the business posted $1.77 EPS. Research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing’s dividend payout ratio is presently 15.10%.

Insiders Place Their Bets

In other Simpson Manufacturing 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

SSD has been the topic of a number of research analyst reports. DA Davidson reduced their target price 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 decreased 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.

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.