Swiss National Bank Acquires 700 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Swiss National Bank grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,000 shares of the construction company’s stock after acquiring an additional 700 shares during the quarter. Swiss National Bank owned 0.20% of Simpson Manufacturing worth $13,764,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SSD. Park Place Capital Corp bought a new stake in Simpson Manufacturing during the 4th quarter worth approximately $29,000. World Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing in the third quarter valued at approximately $30,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing during the fourth quarter worth $30,000. UMB Bank n.a. raised its holdings in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after acquiring an additional 97 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in Simpson Manufacturing in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michael Andersen sold 1,000 shares of the firm’s 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 transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the subject of a number of research reports. DA Davidson lowered their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Robert W. Baird decreased their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $159.42 on Thursday. The firm has a market cap of $6.72 billion, a PE ratio of 20.98 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a 12 month low of $153.87 and a 12 month high of $208.12. The company’s fifty day simple moving average is $165.47 and its 200-day simple moving average is $175.95. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 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%. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. 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 0.70%. Simpson Manufacturing’s dividend payout ratio is 14.74%.

About Simpson Manufacturing

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.