Swiss National Bank Has $13.76 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Swiss National Bank increased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 83,000 shares of the construction company’s stock after buying an additional 700 shares during the period. Swiss National Bank’s holdings in Simpson Manufacturing were worth $13,764,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of SSD. FMR LLC boosted its holdings in shares of Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after acquiring an additional 333,390 shares during the period. State Street Corp boosted its stake in Simpson Manufacturing by 1.7% in the 3rd quarter. State Street Corp now owns 1,256,820 shares of the construction company’s stock valued at $240,392,000 after purchasing an additional 20,404 shares during the period. Geode Capital Management LLC grew its holdings in Simpson Manufacturing by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock valued at $135,390,000 after buying an additional 7,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Simpson Manufacturing by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock valued at $81,354,000 after buying an additional 3,467 shares in the last quarter. Finally, Port Capital LLC increased its position in Simpson Manufacturing by 0.3% during the 3rd quarter. Port Capital LLC now owns 369,255 shares of the construction company’s stock worth $70,627,000 after buying an additional 975 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD opened at $159.42 on Thursday. Simpson Manufacturing Co., Inc. has a 1 year low of $153.87 and a 1 year high of $208.12. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 20.98 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company’s 50 day simple moving average is $165.47 and its 200 day simple moving average is $175.95.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.74%.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

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.