Swiss National Bank Sells 400 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Swiss National Bank lessened its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSDGet Rating) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,300 shares of the construction company’s stock after selling 400 shares during the quarter. Swiss National Bank’s holdings in Simpson Manufacturing were worth $10,292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC increased its holdings in Simpson Manufacturing by 39.6% in the 1st quarter. MetLife Investment Management LLC now owns 50,466 shares of the construction company’s stock valued at $5,503,000 after buying an additional 14,306 shares during the period. Riverwater Partners LLC bought a new stake in shares of Simpson Manufacturing in the 2nd quarter worth about $206,000. Vestmark Advisory Solutions Inc. grew its holdings in shares of Simpson Manufacturing by 26.0% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 24,001 shares of the construction company’s stock worth $2,415,000 after purchasing an additional 4,946 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Simpson Manufacturing by 115.3% in the 1st quarter. Signaturefd LLC now owns 239 shares of the construction company’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. Finally, Hancock Whitney Corp bought a new stake in shares of Simpson Manufacturing in the 1st quarter worth about $1,876,000. Institutional investors own 89.52% of the company’s stock.

Simpson Manufacturing Stock Up 1.5 %

Shares of NYSE SSD opened at $91.91 on Monday. The firm’s 50-day simple moving average is $83.07 and its 200 day simple moving average is $95.11. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 11.47 and a beta of 1.18. The company has a quick ratio of 2.00, a current ratio of 3.56 and a debt-to-equity ratio of 0.49. Simpson Manufacturing Co., Inc. has a 12-month low of $75.25 and a 12-month high of $141.26.

Simpson Manufacturing (NYSE:SSDGet Rating) last issued its quarterly earnings results on Monday, October 24th. The construction company reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.40. Simpson Manufacturing had a net margin of 16.81% and a return on equity of 27.49%. The business had revenue of $553.66 million for the quarter, compared to the consensus estimate of $529.94 million. During the same quarter in the prior year, the company earned $1.70 EPS. The firm’s quarterly revenue was up 39.6% on a year-over-year basis. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 7.52 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, January 4th. This represents a $1.04 dividend on an annualized basis and a yield of 1.13%. Simpson Manufacturing’s payout ratio is presently 12.98%.

Analyst Ratings Changes

Several research firms have recently weighed in on SSD. StockNews.com raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Friday. TheStreet lowered shares of Simpson Manufacturing from a “b-” rating to a “c+” rating in a report on Monday, October 31st. Finally, DA Davidson reduced their price target on shares of Simpson Manufacturing from $123.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 25th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $129.00.

Simpson Manufacturing Profile

(Get Rating)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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