ING Groep NV Decreases Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

ING Groep NV reduced its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 66.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,800 shares of the construction company’s stock after selling 13,200 shares during the period. ING Groep NV’s holdings in Simpson Manufacturing were worth $1,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSD. Park Place Capital Corp purchased a new position in shares of Simpson Manufacturing in the fourth quarter valued at $29,000. World Investment Advisors LLC purchased a new position in Simpson Manufacturing during the 3rd quarter valued at about $30,000. R Squared Ltd acquired a new position in Simpson Manufacturing during the fourth quarter worth about $30,000. UMB Bank n.a. lifted its holdings in shares of Simpson Manufacturing by 88.2% in the fourth 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, Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing in the third quarter valued at approximately $37,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Down 0.9 %

SSD opened at $169.04 on Monday. The firm has a market cap of $7.13 billion, a P/E ratio of 22.24 and a beta of 1.35. The business’s fifty day simple moving average is $167.73 and its 200 day simple moving average is $178.08. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38. 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 (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. As a group, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing 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 completion of the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird cut their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company 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.