New York State Common Retirement Fund Sells 2,699 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

New York State Common Retirement Fund lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,662 shares of the construction company’s stock after selling 2,699 shares during the period. New York State Common Retirement Fund’s holdings in Simpson Manufacturing were worth $3,095,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Truist Financial Corp raised its stake in shares of Simpson Manufacturing by 3.3% during the 4th quarter. Truist Financial Corp now owns 17,394 shares of the construction company’s stock worth $2,885,000 after purchasing an additional 552 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after purchasing an additional 64 shares in the last quarter. Congress Asset Management Co. raised its stake in shares of Simpson Manufacturing by 71.3% during the 4th quarter. Congress Asset Management Co. now owns 3,485 shares of the construction company’s stock worth $578,000 after purchasing an additional 1,450 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Simpson Manufacturing by 3.2% during the 4th quarter. Rhumbline Advisers now owns 114,984 shares of the construction company’s stock worth $19,068,000 after purchasing an additional 3,589 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its stake 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 worth $45,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 0.3 %

SSD opened at $164.14 on Friday. Simpson Manufacturing Co., Inc. has a 1-year low of $155.73 and a 1-year high of $218.38. The stock’s fifty day simple moving average is $167.03 and its 200 day simple moving average is $177.78. 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 stock has a market cap of $6.92 billion, a PE ratio of 21.60 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates 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, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is 14.74%.

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.