Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Jackson Square Partners LLC

Jackson Square Partners LLC trimmed its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 116,623 shares of the construction company’s stock after selling 23,325 shares during the quarter. Simpson Manufacturing comprises 2.1% of Jackson Square Partners LLC’s portfolio, making the stock its 27th largest position. Jackson Square Partners LLC owned about 0.28% of Simpson Manufacturing worth $19,340,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Park Place Capital Corp acquired a new position in Simpson Manufacturing in the fourth quarter worth about $29,000. R Squared Ltd purchased a new stake in shares of Simpson Manufacturing in the fourth quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in 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 acquiring an additional 97 shares during the last quarter. Millburn Ridgefield Corp bought a new position in shares of Simpson Manufacturing in the third quarter valued at approximately $51,000. Finally, V Square Quantitative Management LLC increased its position in Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. DA Davidson reduced their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Robert W. Baird reduced their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the 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 sale, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Up 2.9 %

SSD opened at $159.88 on Tuesday. The stock has a market cap of $6.74 billion, a price-to-earnings ratio of 21.04 and a beta of 1.39. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $165.37 and its two-hundred day moving average price is $175.57. Simpson Manufacturing Co., Inc. has a twelve month low of $152.74 and a twelve month high of $206.48.

Simpson Manufacturing (NYSE:SSD) last released its 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, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given 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 yield of 0.70%. Simpson Manufacturing’s dividend payout ratio (DPR) 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.