Swiss National Bank Reduces Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

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

Several other institutional investors have also modified their holdings of SSD. Contravisory Investment Management Inc. purchased a new stake in Simpson Manufacturing during the 4th quarter valued at $29,000. GAMMA Investing LLC bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $35,000. Headlands Technologies LLC bought a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $37,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Simpson Manufacturing during the 4th quarter worth about $54,000. Finally, Signaturefd LLC raised its position in Simpson Manufacturing by 36.1% in the 3rd quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock worth $62,000 after purchasing an additional 110 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Trading Up 0.3 %

Shares of SSD opened at $177.13 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 22.20 and a beta of 1.33. The company has a 50-day moving average of $191.75 and a 200 day moving average of $181.61. Simpson Manufacturing Co., Inc. has a 1-year low of $117.08 and a 1-year high of $218.38.

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

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is currently 13.53%.

Analyst Ratings Changes

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

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the sale, the executive vice president now owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,784 shares of company stock valued at $770,924. 0.42% of the stock is currently owned by corporate insiders.

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.