Swiss National Bank Decreases Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Swiss National Bank cut its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 82,300 shares of the construction company’s stock after selling 1,100 shares during the period. Swiss National Bank’s holdings in Simpson Manufacturing were worth $15,742,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of SSD. O Shaughnessy Asset Management LLC raised its holdings in Simpson Manufacturing by 8.9% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,364 shares of the construction company’s stock worth $895,000 after buying an additional 355 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Simpson Manufacturing in the first quarter worth approximately $29,000. Advisors Asset Management Inc. grew its stake in shares of Simpson Manufacturing by 19.6% in the first quarter. Advisors Asset Management Inc. now owns 5,209 shares of the construction company’s stock worth $1,069,000 after acquiring an additional 853 shares during the period. Lazard Asset Management LLC grew its stake in shares of Simpson Manufacturing by 198.9% in the first quarter. Lazard Asset Management LLC now owns 69,409 shares of the construction company’s stock worth $14,241,000 after acquiring an additional 46,191 shares during the period. Finally, BOKF NA grew its stake in shares of Simpson Manufacturing by 77.1% in the first quarter. BOKF NA now owns 1,725 shares of the construction company’s stock worth $347,000 after acquiring an additional 751 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $184.60 on Friday. The firm has a 50 day moving average of $186.37 and a 200 day moving average of $178.36. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.78 billion, a price-to-earnings ratio of 24.39 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 12-month low of $157.42 and a 12-month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its 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). The business had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.43 earnings per share. On average, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.61%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,500 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.46, for a total transaction of $281,190.00. Following the transaction, the executive vice president now owns 8,438 shares of the company’s stock, valued at $1,581,787.48. The trade was a 15.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at $3,660,866.94. This represents a 26.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,871 shares of company stock worth $1,658,259. 0.42% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.