Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,717,258 shares of the construction company’s stock after selling 49,385 shares during the quarter. JPMorgan Chase & Co. owned 4.07% of Simpson Manufacturing worth $284,773,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Park Place Capital Corp purchased a new stake in Simpson Manufacturing during the 4th quarter worth $29,000. World Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing during the third quarter worth about $30,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing in the fourth quarter worth about $30,000. UMB Bank n.a. grew its stake 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 buying an additional 97 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its holdings 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 valued at $45,000 after buying an additional 95 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 0.9 %

Shares of NYSE SSD opened at $157.48 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a 1 year low of $152.74 and a 1 year high of $205.88. The stock’s 50-day simple moving average is $164.76 and its 200-day simple moving average is $175.21. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 20.72 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 (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.74%.

Insiders Place Their Bets

In other news, EVP Michael Andersen sold 1,000 shares of the 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. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. DA Davidson decreased their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Robert W. Baird reduced 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 report on Tuesday, February 11th.

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.