Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 19,687 shares of the construction company’s stock after selling 462 shares during the period. Baird Financial Group Inc.’s holdings in Simpson Manufacturing were worth $3,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Simpson Manufacturing during the fourth quarter valued at about $28,000. Park Place Capital Corp purchased a new position in Simpson Manufacturing in the fourth quarter valued at about $29,000. R Squared Ltd purchased a new position in Simpson Manufacturing in the fourth quarter valued at about $30,000. UMB Bank n.a. grew its stake in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its holdings in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $157.40 on Friday. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 20.71 and a beta of 1.34. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The business has a 50 day simple moving average of $153.88 and a 200-day simple moving average of $166.99. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.77 earnings per share. As a group, equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

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

Insiders Place Their Bets

In other news, EVP Michael Andersen sold 1,000 shares of the firm’s 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 completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SSD has been the subject of a number of recent analyst reports. Robert W. Baird decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. DA Davidson decreased their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

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.