Natixis Grows Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Natixis lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 216.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 55,335 shares of the construction company’s stock after acquiring an additional 37,844 shares during the period. Natixis’ holdings in Simpson Manufacturing were worth $9,176,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SSD. New York Life Investment Management LLC purchased a new stake in Simpson Manufacturing during the 4th quarter worth approximately $738,000. Diversified Trust Co acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $591,000. Van ECK Associates Corp grew its holdings in shares of Simpson Manufacturing by 29.3% during the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company’s stock valued at $5,979,000 after buying an additional 8,170 shares during the last quarter. Financial Advocates Investment Management purchased a new stake in shares of Simpson Manufacturing during the fourth quarter valued at $401,000. Finally, KBC Group NV increased its position in shares of Simpson Manufacturing by 54.7% in the 4th quarter. KBC Group NV now owns 1,866 shares of the construction company’s stock valued at $309,000 after acquiring an additional 660 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Up 0.7 %

NYSE:SSD opened at $147.28 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company’s fifty day moving average price is $158.36 and its 200-day moving average price is $170.59. Simpson Manufacturing Co., Inc. has a 1-year low of $135.73 and a 1-year high of $197.82. The firm has a market capitalization of $6.18 billion, a P/E ratio of 19.38 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current 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 issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is presently 14.74%.

Insiders Place Their Bets

In related 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 transaction of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.