Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Barclays PLC

Barclays PLC grew its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 42.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,179 shares of the construction company’s stock after acquiring an additional 7,155 shares during the quarter. Barclays PLC owned about 0.06% of Simpson Manufacturing worth $4,624,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. SkyView Investment Advisors LLC boosted its stake in Simpson Manufacturing by 0.7% during the 2nd quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock worth $1,544,000 after purchasing an additional 67 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Simpson Manufacturing by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock valued at $697,000 after buying an additional 72 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Simpson Manufacturing by 4.0% during the third quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock worth $466,000 after buying an additional 94 shares during the period. DekaBank Deutsche Girozentrale increased its position in Simpson Manufacturing by 0.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after acquiring an additional 100 shares during the period. Finally, Park Avenue Securities LLC increased its position in Simpson Manufacturing by 6.1% in the 3rd quarter. Park Avenue Securities LLC now owns 2,010 shares of the construction company’s stock valued at $384,000 after acquiring an additional 115 shares during the period. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Insider Activity

In other news, EVP Roger Dankel sold 250 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Down 0.3 %

Shares of Simpson Manufacturing stock opened at $168.22 on Friday. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38. The company has a market cap of $7.09 billion, a P/E ratio of 22.22 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm has a fifty day moving average of $183.61 and a two-hundred day moving average of $179.96.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period in the prior year, the company earned $2.43 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.67%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

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.