Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by Swiss National Bank

Swiss National Bank increased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.2% during the third quarter, HoldingsChannel.com reports. The fund owned 95,900 shares of the construction company’s stock after buying an additional 200 shares during the period. Swiss National Bank’s holdings in Simpson Manufacturing were worth $10,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FORA Capital LLC acquired a new position in Simpson Manufacturing during the second quarter worth about $25,000. Exchange Traded Concepts LLC boosted its position in Simpson Manufacturing by 46.7% during the third quarter. Exchange Traded Concepts LLC now owns 352 shares of the construction company’s stock worth $38,000 after acquiring an additional 112 shares during the last quarter. Van ECK Associates Corp boosted its position in Simpson Manufacturing by 147.3% during the second quarter. Van ECK Associates Corp now owns 606 shares of the construction company’s stock worth $67,000 after acquiring an additional 361 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in Simpson Manufacturing during the third quarter worth about $82,000. Finally, HM Payson & Co. acquired a new position in Simpson Manufacturing during the second quarter worth about $89,000. Hedge funds and other institutional investors own 88.11% of the company’s stock.

Several equities analysts have weighed in on SSD shares. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Friday, January 7th. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $135.00 to $146.00 in a report on Wednesday, January 5th. Finally, DA Davidson boosted their target price on shares of Simpson Manufacturing from $120.00 to $142.00 in a report on Wednesday, January 5th.

In other Simpson Manufacturing news, CFO Brian J. Magstadt sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $120.00, for a total transaction of $240,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Roger Dankel sold 1,500 shares of Simpson Manufacturing stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $106.32, for a total transaction of $159,480.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,800 shares of company stock valued at $2,743,497. 0.60% of the stock is owned by company insiders.

Shares of SSD stock opened at $128.89 on Friday. The firm’s 50 day moving average price is $127.43 and its 200-day moving average price is $116.85. Simpson Manufacturing Co., Inc. has a one year low of $91.90 and a one year high of $141.26. The firm has a market cap of $5.60 billion, a P/E ratio of 24.79 and a beta of 1.22.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Sunday, October 24th. The construction company reported $1.70 EPS for the quarter, missing the Zacks’ consensus estimate of $1.77 by ($0.07). Simpson Manufacturing had a net margin of 15.62% and a return on equity of 21.52%. The firm had revenue of $396.74 million during the quarter, compared to analysts’ expectations of $447.72 million. During the same period in the prior year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts forecast that Simpson Manufacturing Co., Inc. will post 5.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 27th. Investors of record on Thursday, January 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, January 5th. Simpson Manufacturing’s dividend payout ratio is currently 19.23%.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc manufactures and markets building and construction solutions. It offers wood construction products which include connectors, truss plates, fastening systems, and lateral systems primarily used to strengthen, support, and connect wood applications in residential and commercial construction, as well as do-it-yourself (DIY) projects; and concrete construction products such as anchor; and repair, protection, and strengthening products for concrete, brick and masonry applications in industrial, infrastructure, residential commercial, and DYI projects.

Further Reading: Dollar Cost Averaging

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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