Barrow Hanley Mewhinney & Strauss LLC lessened its stake in Simpson Manufacturing Co, Inc. (NYSE:SSD) by 3.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,579,184 shares of the construction company’s stock after selling 58,147 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 3.34% of Simpson Manufacturing worth $77,443,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Simpson Manufacturing by 0.8% in the second quarter. BlackRock Inc. now owns 5,256,026 shares of the construction company’s stock valued at $229,740,000 after purchasing an additional 43,753 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Simpson Manufacturing by 11.0% in the second quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock valued at $131,584,000 after purchasing an additional 297,244 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Simpson Manufacturing by 16.7% in the third quarter. Janus Henderson Group PLC now owns 1,941,044 shares of the construction company’s stock valued at $95,189,000 after purchasing an additional 277,496 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Simpson Manufacturing by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,778,840 shares of the construction company’s stock valued at $87,234,000 after purchasing an additional 28,126 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Simpson Manufacturing by 10.4% in the second quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock valued at $70,977,000 after purchasing an additional 153,164 shares during the last quarter. 84.57% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Co, Inc. (NYSE:SSD) traded up $1.12 during mid-day trading on Friday, reaching $57.49. The company’s stock had a trading volume of 420,152 shares, compared to its average volume of 215,100. The firm has a market capitalization of $2,720.08, a PE ratio of 31.24, a price-to-earnings-growth ratio of 6.13 and a beta of 1.52. Simpson Manufacturing Co, Inc. has a one year low of $39.82 and a one year high of $61.62.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Thursday, January 4th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, January 3rd. This represents a $0.84 annualized dividend and a yield of 1.46%. Simpson Manufacturing’s dividend payout ratio (DPR) is 41.58%.

SSD has been the subject of several recent analyst reports. DA Davidson cut Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research note on Thursday. Robert W. Baird raised Simpson Manufacturing from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $50.00 to $58.00 in a research note on Tuesday, October 31st.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 8,210 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $61.18, for a total transaction of $502,287.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sharon H. Simpson sold 72,424 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $200,724.00, for a total value of $14,537,234,976.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 988,721 shares of company stock valued at $14,582,940,671. 0.36% of the stock is owned by insiders.

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About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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