BNP Paribas Financial Markets Reduces Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

BNP Paribas Financial Markets lessened its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 33.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,092 shares of the construction company's stock after selling 20,656 shares during the period. BNP Paribas Financial Markets owned about 0.10% of Simpson Manufacturing worth $8,135,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its stake in shares of Simpson Manufacturing by 10.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,750 shares of the construction company's stock worth $861,000 after purchasing an additional 527 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Simpson Manufacturing by 4.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,688 shares of the construction company's stock valued at $2,949,000 after purchasing an additional 842 shares during the period. Park Avenue Securities LLC bought a new stake in Simpson Manufacturing during the 3rd quarter valued at approximately $230,000. Fifth Third Bancorp boosted its position in Simpson Manufacturing by 60.5% during the 3rd quarter. Fifth Third Bancorp now owns 1,202 shares of the construction company's stock valued at $180,000 after acquiring an additional 453 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Simpson Manufacturing by 29.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 21,099 shares of the construction company's stock worth $3,161,000 after purchasing an additional 4,741 shares in the last quarter. Institutional investors own 93.68% of the company's stock.

Insider Activity

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing 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 transaction, the executive vice president now directly owns 28,764 shares of the company's stock, valued at $5,697,573.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of the company's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company's stock, valued at $854,861.16. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Roger Dankel sold 850 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,850 shares of company stock valued at $941,408. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Down 0.7 %

SSD traded down $1.21 on Friday, hitting $168.35. The company had a trading volume of 441,688 shares, compared to its average volume of 413,939. The company has a market cap of $7.10 billion, a PE ratio of 21.10 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 12-month low of $117.08 and a 12-month high of $218.38. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The business's fifty day simple moving average is $187.16 and its 200 day simple moving average is $183.80.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 EPS. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.27. Simpson Manufacturing's payout ratio is currently 13.53%.

Wall Street Analyst Weigh In

SSD has been the topic of several analyst reports. StockNews.com cut Simpson Manufacturing from a "buy" rating to a "hold" rating in a research report on Thursday, May 2nd. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th.

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.