Segall Bryant & Hamill LLC Has $19.76 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Segall Bryant & Hamill LLC boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 148.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,157 shares of the construction company’s stock after purchasing an additional 71,276 shares during the period. Segall Bryant & Hamill LLC owned about 0.28% of Simpson Manufacturing worth $19,760,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Riverbridge Partners LLC bought a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $58,414,000. FMR LLC boosted its stake in shares of Simpson Manufacturing by 24.2% in the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after purchasing an additional 333,390 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $54,644,000. EP Wealth Advisors LLC grew its holdings in shares of Simpson Manufacturing by 1,020.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after purchasing an additional 127,345 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in Simpson Manufacturing in the fourth quarter valued at about $15,603,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SSD shares. DA Davidson cut their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Simpson Manufacturing Trading Up 0.4 %

SSD opened at $160.40 on Wednesday. Simpson Manufacturing Co., Inc. has a 1-year low of $152.74 and a 1-year high of $206.48. The stock has a market capitalization of $6.76 billion, a PE ratio of 21.11 and a beta of 1.39. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $165.29 and a two-hundred day moving average price of $175.49.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping 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, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders 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 is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.74%.

About Simpson Manufacturing

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.