Norges Bank Purchases New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Norges Bank purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 444,778 shares of the construction company's stock, valued at approximately $73,758,000. Norges Bank owned 1.05% of Simpson Manufacturing as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of SSD. GAMMA Investing LLC raised its position in Simpson Manufacturing by 16.8% in the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock worth $74,000 after acquiring an additional 64 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock valued at $216,000 after purchasing an additional 64 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Simpson Manufacturing by 1.4% during the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after buying an additional 88 shares in the last quarter. V Square Quantitative Management LLC grew its position in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after buying an additional 95 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after buying an additional 97 shares in the last quarter. Institutional investors own 93.68% of the company's stock.

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Simpson Manufacturing Trading Up 1.5 %

Shares of NYSE:SSD traded up $2.23 during mid-day trading on Friday, hitting $147.36. The stock had a trading volume of 464,639 shares, compared to its average volume of 284,697. The company's 50 day moving average is $163.27 and its 200-day moving average is $174.35. Simpson Manufacturing Co., Inc. has a 12-month low of $137.90 and a 12-month high of $197.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The company has a market cap of $6.19 billion, a PE ratio of 19.39 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. Simpson Manufacturing's payout ratio is presently 14.74%.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction 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 sale, the executive vice president now owns 8,810 shares of the company's stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.42% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SSD. Robert W. Baird decreased their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th. DA Davidson decreased 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 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.