Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by Swiss National Bank

Swiss National Bank increased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDFree Report) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,800 shares of the construction company’s stock after buying an additional 1,000 shares during the quarter. Swiss National Bank’s holdings in Simpson Manufacturing were worth $14,052,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. 1832 Asset Management L.P. purchased a new position in Simpson Manufacturing during the 1st quarter worth $27,000. Quantbot Technologies LP acquired a new position in shares of Simpson Manufacturing during the first quarter worth about $30,000. Arlington Trust Co LLC purchased a new position in Simpson Manufacturing during the third quarter worth about $31,000. Pinebridge Investments L.P. acquired a new stake in Simpson Manufacturing in the second quarter valued at about $36,000. Finally, International Assets Investment Management LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 89.45% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the transaction, the executive vice president now directly owns 27,330 shares in the company, valued at approximately $5,033,092.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 2,550 shares of company stock valued at $457,283 in the last 90 days. 0.65% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price objective on Simpson Manufacturing from $198.00 to $205.00 and gave the stock an “outperform” rating in a report on Tuesday, February 6th.

Read Our Latest Stock Report on Simpson Manufacturing

Simpson Manufacturing Stock Up 1.0 %

SSD stock opened at $192.40 on Monday. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average price is $186.98 and its 200 day moving average price is $163.24. Simpson Manufacturing Co., Inc. has a 52 week low of $100.84 and a 52 week high of $202.14. The company has a market cap of $8.21 billion, a P/E ratio of 23.29 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSDGet Free Report) last announced its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.25). Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The firm had revenue of $501.70 million for the quarter, compared to analysts’ expectations of $482.98 million. During the same period last year, the firm earned $1.35 EPS. Simpson Manufacturing’s revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 13.08%.

About Simpson Manufacturing

(Free Report)

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.

See Also

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

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