State of New Jersey Common Pension Fund D Reduces Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

State of New Jersey Common Pension Fund D decreased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,849 shares of the construction company’s stock after selling 254 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Simpson Manufacturing were worth $2,628,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Congress Asset Management Co. grew its stake in shares of Simpson Manufacturing by 71.3% in the 4th quarter. Congress Asset Management Co. now owns 3,485 shares of the construction company’s stock valued at $578,000 after buying an additional 1,450 shares during the period. Rhumbline Advisers lifted its holdings in shares of Simpson Manufacturing by 3.2% in the 4th quarter. Rhumbline Advisers now owns 114,984 shares of the construction company’s stock worth $19,068,000 after acquiring an additional 3,589 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after acquiring an additional 95 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Simpson Manufacturing by 29.3% in the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company’s stock worth $5,979,000 after acquiring an additional 8,170 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Simpson Manufacturing by 15.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 287,422 shares of the construction company’s stock worth $47,255,000 after acquiring an additional 38,505 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares in the company, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Robert W. Baird decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $170.39 on Friday. The firm’s 50 day moving average price is $168.04 and its 200-day moving average price is $178.08. 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 one year low of $155.73 and a one year high of $218.38. The firm has a market cap of $7.18 billion, a P/E ratio of 22.42 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last released 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 net margin of 14.44% and a return on equity of 18.00%. As a group, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.66%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.74%.

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.