Segall Bryant & Hamill LLC Has $19.76 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Segall Bryant & Hamill LLC raised its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 148.9% in the fourth quarter, Holdings Channel reports. The fund owned 119,157 shares of the construction company’s stock after acquiring an additional 71,276 shares during the period. Segall Bryant & Hamill LLC’s holdings in Simpson Manufacturing were worth $19,760,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SSD. Quest Partners LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth $131,000. Charles Schwab Investment Management Inc. raised its stake in shares of 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 valued at $93,171,000 after purchasing an additional 6,585 shares during the period. Citigroup Inc. boosted its position in shares of Simpson Manufacturing by 4.0% during the third quarter. Citigroup Inc. now owns 46,119 shares of the construction company’s stock worth $8,821,000 after buying an additional 1,783 shares during the period. Cerity Partners LLC grew its holdings in shares of Simpson Manufacturing by 61.0% during the third quarter. Cerity Partners LLC now owns 22,750 shares of the construction company’s stock worth $4,351,000 after buying an additional 8,616 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Simpson Manufacturing by 67.2% in 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 last quarter. 93.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SSD has been the subject of a number of recent research reports. Robert W. Baird reduced their price target 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. DA Davidson reduced their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th.

Insiders Place Their Bets

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 sale, 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 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

Shares of SSD opened at $160.40 on Wednesday. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 21.11 and a beta of 1.39. 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’s fifty day simple moving average is $165.29 and its 200 day simple moving average is $175.49. Simpson Manufacturing Co., Inc. has a 1-year low of $152.74 and a 1-year high of $206.48.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, research 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 announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is presently 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.