Moloney Securities Asset Management LLC Has $224,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Moloney Securities Asset Management LLC trimmed its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 75.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,353 shares of the construction company’s stock after selling 4,097 shares during the period. Moloney Securities Asset Management LLC’s holdings in Simpson Manufacturing were worth $224,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Champlain Investment Partners LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth about $16,060,000. Diversified Trust Co bought a new stake in Simpson Manufacturing during the 4th quarter worth approximately $591,000. US Bancorp DE raised its holdings in shares of Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after acquiring an additional 352 shares during the period. International Assets Investment Management LLC lifted its position in Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after acquiring an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after purchasing an additional 6,585 shares during the period. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

Separately, 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 note on Tuesday.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Trading Up 1.6 %

Simpson Manufacturing stock opened at $169.55 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The firm has a 50-day moving average of $169.93 and a 200-day moving average of $178.73. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 22.40 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company 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 $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

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.