BNP Paribas Financial Markets Decreases Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

BNP Paribas Financial Markets lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 63.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,706 shares of the construction company’s stock after selling 8,293 shares during the period. BNP Paribas Financial Markets’ holdings in Simpson Manufacturing were worth $780,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SSD. Quarry LP acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $28,000. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing in the fourth quarter worth $29,000. R Squared Ltd purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth $30,000. UMB Bank n.a. lifted its position in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares during the period. Finally, V Square Quantitative Management LLC lifted its position in Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the subject of several analyst reports. Robert W. Baird decreased their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th. DA Davidson reduced their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th.

Simpson Manufacturing Stock Performance

SSD opened at $155.39 on Friday. 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 firm has a fifty day moving average price of $154.17 and a 200 day moving average price of $165.88. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The stock has a market cap of $6.50 billion, a P/E ratio of 20.45 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The company had revenue of $538.90 million during the quarter, compared to analysts’ expectations of $531.81 million. During the same quarter in the previous year, the company earned $1.77 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a $0.29 dividend. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. Simpson Manufacturing’s dividend payout ratio is presently 15.10%.

Insiders Place Their Bets

In other news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The stock was 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 of the company’s stock, valued at $1,497,523.80. This represents a 10.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.42% of the stock is currently owned by company 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.