Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,481 shares of the construction company’s stock after selling 503 shares during the quarter. Janus Henderson Group PLC owned 0.08% of Simpson Manufacturing worth $5,552,000 as of its most recent SEC filing.

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

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the business’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 transaction, the executive vice president now owns 8,810 shares of the company’s stock, 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 SEC, which can be accessed through this link. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $163.91 on Monday. The company has a fifty day simple moving average of $154.04 and a 200-day simple moving average of $166.26. The firm has a market capitalization of $6.86 billion, a price-to-earnings ratio of 21.57 and a beta of 1.34. 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.

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

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change 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 0.71%. Simpson Manufacturing’s dividend payout ratio is 15.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SSD shares. DA Davidson lowered their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird decreased their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research 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.