Heartland Advisors Inc. Cuts Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Heartland Advisors Inc. trimmed its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,356 shares of the construction company’s stock after selling 198 shares during the quarter. Heartland Advisors Inc.’s holdings in Simpson Manufacturing were worth $888,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Quest Partners LLC purchased a new position in shares of Simpson Manufacturing in the 3rd quarter worth $131,000. Citigroup Inc. raised its holdings in shares of Simpson Manufacturing by 4.0% in the 3rd quarter. Citigroup Inc. now owns 46,119 shares of the construction company’s stock worth $8,821,000 after purchasing an additional 1,783 shares during the period. Cerity Partners LLC lifted its stake in shares of Simpson Manufacturing by 61.0% in the 3rd quarter. Cerity Partners LLC now owns 22,750 shares of the construction company’s stock valued at $4,351,000 after purchasing an additional 8,616 shares in the last quarter. FMR LLC grew its holdings in shares of Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after purchasing an additional 333,390 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Simpson Manufacturing during the 3rd quarter worth approximately $2,089,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $157.48 on Friday. The firm has a market capitalization of $6.64 billion, a PE ratio of 20.72 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a one year low of $152.74 and a one year high of $205.88. The stock’s 50 day moving average price is $164.76 and its 200 day moving average price is $175.17. 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 (NYSE:SSD) last announced its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS 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. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is 14.74%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred 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 sale, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. The trade was a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Company 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.