UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 42.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 108,234 shares of the construction company's stock after selling 79,875 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Simpson Manufacturing worth $17,948,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SSD. Vanguard Group Inc. grew its position in Simpson Manufacturing by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock valued at $697,294,000 after acquiring an additional 31,164 shares in the last quarter. Baker Avenue Asset Management LP boosted its stake in shares of Simpson Manufacturing by 4.6% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company's stock valued at $232,148,000 after purchasing an additional 62,165 shares during the period. Geode Capital Management LLC grew its holdings in shares of Simpson Manufacturing by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock valued at $117,804,000 after purchasing an additional 2,502 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Simpson Manufacturing by 90.4% during the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock worth $96,405,000 after buying an additional 275,989 shares during the period. Finally, Northern Trust Corp increased its stake in Simpson Manufacturing by 21.2% during the 4th quarter. Northern Trust Corp now owns 551,986 shares of the construction company's stock worth $91,536,000 after buying an additional 96,559 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

SSD has been the subject of several recent research reports. Robert W. Baird decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. DA Davidson decreased their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th.

Simpson Manufacturing Stock Down 0.3%

Shares of Simpson Manufacturing stock traded down $0.42 on Monday, reaching $155.29. 330,290 shares of the company were exchanged, compared to its average volume of 271,979. The stock's 50 day moving average price is $153.70 and its 200-day moving average price is $164.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The company has a market cap of $6.50 billion, a P/E ratio of 20.43 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 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 company had revenue of $538.90 million during the quarter, compared to analysts' expectations of $531.81 million. During the same quarter in the previous year, the business posted $1.77 EPS. The firm's revenue was up 1.6% on a year-over-year basis. As a group, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

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

Simpson Manufacturing 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.