Mutual of America Capital Management LLC Reduces Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Mutual of America Capital Management LLC lessened its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,272 shares of the construction company’s stock after selling 517 shares during the period. Mutual of America Capital Management LLC’s holdings in Simpson Manufacturing were worth $3,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SSD. Riverbridge Partners LLC purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at $58,414,000. FMR LLC lifted its position 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 valued at $327,140,000 after buying an additional 333,390 shares during the last quarter. EP Wealth Advisors LLC lifted its holdings in Simpson Manufacturing by 1,020.1% during 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 in the last quarter. Fisher Asset Management LLC lifted its holdings in Simpson Manufacturing by 67.2% during the 3rd quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company’s stock worth $41,976,000 after purchasing an additional 88,235 shares in the last quarter. Finally, Champlain Investment Partners LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter worth about $16,060,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $162.06 on Thursday. The stock’s 50-day simple moving average is $166.53 and its 200 day simple moving average is $177.47. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 21.32 and a beta of 1.39. 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 Co., Inc. has a 52-week low of $154.97 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data 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%. Research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.69%. Simpson Manufacturing’s payout ratio is currently 14.74%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped 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.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the 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 directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.