Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,481 shares of the construction company’s stock after selling 503 shares during the period. Janus Henderson Group PLC’s holdings in Simpson Manufacturing were worth $5,552,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. New York Life Investment Management LLC purchased a new stake in shares of Simpson Manufacturing in the 4th quarter valued at approximately $738,000. Van ECK Associates Corp raised its position in Simpson Manufacturing by 29.3% in the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company’s stock valued at $5,979,000 after purchasing an additional 8,170 shares during the period. Financial Advocates Investment Management acquired a new position in Simpson Manufacturing during the fourth quarter worth $401,000. KBC Group NV boosted its position in shares of Simpson Manufacturing by 54.7% during the fourth quarter. KBC Group NV now owns 1,866 shares of the construction company’s stock worth $309,000 after buying an additional 660 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Simpson Manufacturing by 15.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 287,422 shares of the construction company’s stock worth $47,255,000 after buying an additional 38,505 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SSD. Robert W. Baird cut their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. DA Davidson cut 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 note on Tuesday, March 11th.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now 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 legal filing with the SEC, which is available at this link. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $163.91 on Monday. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The firm has a market cap of $6.86 billion, a PE ratio of 21.57 and a beta of 1.34. The company’s 50 day moving average is $154.04 and its two-hundred day moving average is $166.26.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The business had revenue of $538.90 million for the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 earnings per share. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.16 annualized dividend and a yield of 0.71%. Simpson Manufacturing’s dividend payout ratio is 15.10%.

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.