BNP Paribas Financial Markets Has $780,000 Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

BNP Paribas Financial Markets decreased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 63.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,706 shares of the construction company's stock after selling 8,293 shares during the period. BNP Paribas Financial Markets' holdings in Simpson Manufacturing were worth $780,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SSD. Quarry LP bought a new stake in Simpson Manufacturing during the 4th quarter worth about $28,000. Park Place Capital Corp bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $29,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at about $30,000. UMB Bank n.a. raised its holdings in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after acquiring an additional 95 shares during the period. Institutional investors own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

SSD has been the subject of a number of recent research reports. DA Davidson reduced their target price on shares of 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 lowered their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

Shares of SSD traded down $1.85 during mid-day trading on Wednesday, hitting $155.70. 7,412 shares of the company's stock were exchanged, compared to its average volume of 270,481. Simpson Manufacturing Co., Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The stock's 50-day simple moving average is $154.00 and its 200-day simple moving average is $165.12. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 20.49 and a beta of 1.34. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

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

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's payout ratio is 15.10%.

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.