KBC Group NV Has $176,000 Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

KBC Group NV decreased its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 37.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,134 shares of the construction company’s stock after selling 673 shares during the quarter. KBC Group NV’s holdings in Simpson Manufacturing were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SSD. Nuveen LLC bought a new stake in Simpson Manufacturing in the first quarter worth $15,567,000. Champlain Investment Partners LLC lifted its position in shares of Simpson Manufacturing by 20.2% in the first quarter. Champlain Investment Partners LLC now owns 403,994 shares of the construction company’s stock worth $63,459,000 after buying an additional 67,943 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Simpson Manufacturing by 20.3% in the first quarter. Raymond James Financial Inc. now owns 396,291 shares of the construction company’s stock worth $62,249,000 after buying an additional 66,774 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Simpson Manufacturing by 43.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock worth $33,327,000 after acquiring an additional 64,114 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Simpson Manufacturing by 8.0% during the 1st quarter. Ameriprise Financial Inc. now owns 627,696 shares of the construction company’s stock valued at $98,602,000 after acquiring an additional 46,290 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the sale, the executive vice president directly owned 7,810 shares in the company, valued at $1,531,775.30. This trade represents a 11.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by insiders.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $159.00 on Thursday. The business has a 50 day moving average price of $173.35 and a 200 day moving average price of $170.68. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 19.37 and a beta of 1.27. The company has a quick ratio of 1.80, a current ratio of 3.35 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.21. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The firm had revenue of $623.51 million for the quarter, compared to analyst estimates of $607.79 million. During the same quarter last year, the firm posted $2.21 EPS. The company’s revenue was up 6.2% on a year-over-year basis. Research analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Friday, January 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing’s payout ratio is 14.13%.

Wall Street Analysts Forecast Growth

SSD has been the topic of a number of recent analyst reports. Robert W. Baird raised their price objective on Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. Finally, DA Davidson restated a “neutral” rating and issued a $190.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $201.00.

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.