Allspring Global Investments Holdings LLC Has $47.26 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Allspring Global Investments Holdings LLC raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 287,422 shares of the construction company’s stock after buying an additional 38,505 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Simpson Manufacturing were worth $47,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. GAMMA Investing LLC grew its position in shares of Simpson Manufacturing by 16.8% in the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock valued at $74,000 after purchasing an additional 64 shares during the period. Pacer Advisors Inc. grew its position in shares of Simpson Manufacturing by 1.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock valued at $1,042,000 after purchasing an additional 88 shares during the period. UMB Bank n.a. grew its position in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Simpson Manufacturing by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after purchasing an additional 100 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Simpson Manufacturing by 4.8% in the 3rd quarter. Tidal Investments LLC now owns 2,901 shares of the construction company’s stock valued at $555,000 after purchasing an additional 133 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird decreased their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday.

Simpson Manufacturing Trading Up 1.9 %

NYSE SSD opened at $167.75 on Friday. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 22.16 and a beta of 1.35. The stock’s 50 day moving average price is $169.31 and its two-hundred day moving average price is $178.56. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. As a group, analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is 14.80%.

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.