Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,495 shares of the construction company’s stock after selling 303 shares during the period. M&T Bank Corp owned approximately 0.07% of Simpson Manufacturing worth $4,559,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SSD. Riverbridge Partners LLC acquired a new position in Simpson Manufacturing during the 4th quarter valued at about $58,414,000. FMR LLC increased its stake in Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after buying an additional 333,390 shares during the period. EP Wealth Advisors LLC increased its stake in Simpson Manufacturing by 1,020.1% during the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock valued at $26,745,000 after buying an additional 127,345 shares during the period. Fisher Asset Management LLC increased its stake in Simpson Manufacturing by 67.2% during the 3rd quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company’s stock valued at $41,976,000 after buying an additional 88,235 shares during the period. Finally, Champlain Investment Partners LLC acquired a new position in Simpson Manufacturing during the 3rd quarter valued at about $16,060,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Activity

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. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $165.02 on Friday. Simpson Manufacturing Co., Inc. has a twelve month low of $154.97 and a twelve month high of $218.38. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $166.40 and a 200-day moving average of $177.36. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 21.71 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating 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%. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.68%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

About Simpson Manufacturing

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.