Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Reduced by American Century Companies Inc.

American Century Companies Inc. lowered its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 23.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 31,594 shares of the construction company’s stock after selling 9,814 shares during the period. American Century Companies Inc. owned 0.07% of Simpson Manufacturing worth $5,239,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Riverbridge Partners LLC bought a new stake in Simpson Manufacturing in the fourth quarter valued at about $58,414,000. Raymond James Financial Inc. acquired a new position in shares of Simpson Manufacturing in the 4th quarter worth approximately $54,644,000. EP Wealth Advisors LLC increased its holdings in shares of Simpson Manufacturing by 1,020.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock valued at $26,745,000 after acquiring an additional 127,345 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at approximately $15,603,000. Finally, Janney Montgomery Scott LLC lifted its stake in Simpson Manufacturing by 1,473.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company’s stock worth $13,310,000 after purchasing an additional 75,162 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. DA Davidson lowered their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Robert W. Baird lowered their price objective on shares of 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 Price Performance

Shares of SSD opened at $147.36 on Friday. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The stock has a fifty day moving average price of $163.27 and a 200 day moving average price of $174.35. The company has a market cap of $6.19 billion, a P/E ratio of 19.39 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 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%. On average, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.42% of the company’s stock.

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.