Teacher Retirement System of Texas Has $4.81 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Teacher Retirement System of Texas cut its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,024 shares of the construction company’s stock after selling 1,832 shares during the quarter. Teacher Retirement System of Texas’ holdings in Simpson Manufacturing were worth $4,813,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Riverbridge Partners LLC acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $58,414,000. FMR LLC increased 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 buying an additional 333,390 shares during the period. Raymond James Financial Inc. acquired a new stake in Simpson Manufacturing in the fourth quarter worth about $54,644,000. EP Wealth Advisors LLC raised 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 during the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in Simpson Manufacturing during the 4th quarter worth about $15,603,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were 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 owns 8,810 shares in the company, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.42% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Performance

Shares of SSD opened at $155.51 on Monday. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 12 month low of $152.74 and a 12 month high of $206.48. The firm has a fifty day simple moving average of $165.38 and a 200 day simple moving average of $175.65. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.46 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is presently 14.74%.

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.