Swiss National Bank Has $16.65 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Swiss National Bank trimmed its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,100 shares of the construction company's stock after selling 9,700 shares during the quarter. Swiss National Bank owned 0.20% of Simpson Manufacturing worth $16,650,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. increased its position in Simpson Manufacturing by 1.1% during the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company's stock valued at $1,231,000 after buying an additional 67 shares in the last quarter. Signaturefd LLC grew its holdings in Simpson Manufacturing by 36.1% during the third quarter. Signaturefd LLC now owns 415 shares of the construction company's stock valued at $62,000 after purchasing an additional 110 shares during the period. Cerity Partners LLC boosted its stake in shares of Simpson Manufacturing by 1.5% in the fourth quarter. Cerity Partners LLC now owns 7,662 shares of the construction company's stock worth $1,517,000 after acquiring an additional 112 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in shares of Simpson Manufacturing by 19.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company's stock worth $120,000 after acquiring an additional 132 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in Simpson Manufacturing in the fourth quarter worth approximately $29,000. 93.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on SSD. StockNews.com lowered Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Thursday, May 2nd. Robert W. Baird lifted their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th.

Insider Buying and Selling

In other news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares of the company's stock, valued at approximately $5,697,573.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the firm's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jennifer Chatman sold 934 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the sale, the director now owns 14,638 shares in the company, valued at $2,817,522.24. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock valued at $770,924 in the last quarter. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Down 0.6 %

Shares of NYSE:SSD traded down $1.13 during trading on Friday, hitting $176.00. The company's stock had a trading volume of 338,554 shares, compared to its average volume of 267,117. The business has a 50 day moving average price of $191.75 and a two-hundred day moving average price of $181.61. The company has a market capitalization of $7.47 billion, a PE ratio of 22.20 and a beta of 1.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm had revenue of $530.58 million for the quarter, compared to analysts' expectations of $549.87 million. During the same period in the prior year, the company earned $2.05 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. As a group, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be paid a dividend of $0.28 per share. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, July 3rd. This represents a $1.12 annualized dividend and a yield of 0.64%. Simpson Manufacturing's payout ratio is 13.53%.

Simpson Manufacturing Company 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.