Hsbc Holdings PLC Acquires New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Hsbc Holdings PLC bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the fourth quarter, HoldingsChannel.com reports. The firm bought 27,717 shares of the construction company’s stock, valued at approximately $4,602,000.

Several other large investors have also added to or reduced their stakes in the company. Park Place Capital Corp bought a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $29,000. R Squared Ltd purchased a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $30,000. UMB Bank n.a. raised its position 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 valued at $34,000 after buying an additional 97 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after buying an additional 95 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Simpson Manufacturing by 1,542.3% during the fourth quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company’s stock worth $71,000 after acquiring an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.0 %

Shares of SSD opened at $153.90 on Wednesday. The stock has a market capitalization of $6.46 billion, a PE ratio of 20.25 and a beta of 1.33. The company’s fifty day moving average is $155.48 and its 200 day moving average is $168.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. During the same period in the previous year, the firm posted $1.77 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 3rd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.12 annualized dividend and a yield of 0.73%. Simpson Manufacturing’s payout ratio is presently 14.58%.

Insider Buying and Selling

In other news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on SSD shares. DA Davidson reduced their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a 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 on the stock in a research report on Tuesday, February 11th.

Simpson Manufacturing Company 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.