UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $17.95 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 42.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Simpson Manufacturing by 42.0% during the 3rd quarter. Barclays PLC now owns 24,179 shares of the construction company's stock worth $4,624,000 after acquiring an additional 7,155 shares during the last quarter. KBC Group NV grew its position in Simpson Manufacturing by 54.7% during the 4th quarter. KBC Group NV now owns 1,866 shares of the construction company's stock worth $309,000 after acquiring an additional 660 shares during the last quarter. Pacer Advisors Inc. grew its position in Simpson Manufacturing by 1.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after acquiring an additional 88 shares during the last quarter. R Squared Ltd bought a new stake in Simpson Manufacturing during the 4th quarter worth $30,000. Finally, Trust Point Inc. grew its position in Simpson Manufacturing by 29.7% during the 4th quarter. Trust Point Inc. now owns 1,966 shares of the construction company's stock worth $326,000 after acquiring an additional 450 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SSD shares. Robert W. Baird reduced their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson cut their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Trading Down 0.4%

SSD traded down $0.56 during midday trading on Friday, hitting $155.70. 323,687 shares of the company were exchanged, compared to its average volume of 272,044. The firm has a market capitalization of $6.51 billion, a P/E ratio of 20.49 and a beta of 1.34. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The firm's 50 day moving average price is $153.78 and its 200-day moving average price is $164.61. 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 announced its 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. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.77 EPS. As a group, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

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