Securian Asset Management Inc. Decreases Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Securian Asset Management Inc. decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,162 shares of the construction company’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Simpson Manufacturing were worth $524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SSD. GSA Capital Partners LLP purchased a new position in shares of Simpson Manufacturing during the 3rd quarter valued at approximately $396,000. Victory Capital Management Inc. lifted its holdings in Simpson Manufacturing by 54.8% in the 3rd quarter. Victory Capital Management Inc. now owns 148,820 shares of the construction company’s stock valued at $28,465,000 after purchasing an additional 52,677 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Simpson Manufacturing by 26.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 7,300 shares of the construction company’s stock valued at $1,396,000 after purchasing an additional 1,531 shares in the last quarter. KBC Group NV lifted its holdings in Simpson Manufacturing by 15.6% in the 3rd quarter. KBC Group NV now owns 1,206 shares of the construction company’s stock valued at $231,000 after purchasing an additional 163 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Up 0.8 %

Shares of SSD opened at $159.47 on Tuesday. Simpson Manufacturing Co., Inc. has a 52-week low of $153.87 and a 52-week high of $208.12. The company has a market capitalization of $6.72 billion, a PE ratio of 20.98 and a beta of 1.39. The stock has a fifty day simple moving average of $165.53 and a two-hundred day simple moving average of $176.24. 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 (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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 forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SSD. DA Davidson decreased their price objective 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 decreased 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.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’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 completion of the sale, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

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.