D. E. Shaw & Co. Inc. Has $22.85 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

D. E. Shaw & Co. Inc. reduced its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 137,773 shares of the construction company’s stock after selling 13,441 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Simpson Manufacturing were worth $22,847,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP bought a new stake in Simpson Manufacturing in the fourth quarter worth $28,000. Park Place Capital Corp bought a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $29,000. R Squared Ltd acquired a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $30,000. UMB Bank n.a. raised its stake in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after acquiring an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Simpson Manufacturing by 53.4% in 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. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing 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 $1,497,523.80. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Trading Up 0.2%

Shares of Simpson Manufacturing stock opened at $157.40 on Monday. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The company’s fifty day simple moving average is $153.88 and its 200-day simple moving average is $166.88. The company has a market cap of $6.61 billion, a price-to-earnings ratio of 20.71 and a beta of 1.34. 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 announced its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The business had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. During the same quarter in the prior year, the business earned $1.77 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SSD. DA Davidson dropped their price target on shares of 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 price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

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.