Simpson Manufacturing Co., Inc. (NYSE:SSD) Stock Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 348,277 shares of the construction company's stock after buying an additional 12,187 shares during the quarter. Bank of New York Mellon Corp owned about 0.83% of Simpson Manufacturing worth $57,755,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SSD. Champlain Investment Partners LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $16,060,000. Diversified Trust Co acquired a new stake in Simpson Manufacturing during the 4th quarter valued at $591,000. US Bancorp DE increased its stake in Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock worth $806,000 after buying an additional 352 shares during the period. International Assets Investment Management LLC increased its stake in Simpson Manufacturing by 8,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company's stock worth $1,134,000 after buying an additional 5,863 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock worth $93,171,000 after buying an additional 6,585 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Robert W. Baird dropped their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th.

Insider Buying and Selling

In other news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Up 2.8 %

Shares of SSD traded up $4.42 during trading on Wednesday, reaching $162.06. The company's stock had a trading volume of 269,037 shares, compared to its average volume of 256,151. Simpson Manufacturing Co., Inc. has a twelve month low of $154.97 and a twelve month high of $218.38. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 21.32 and a beta of 1.39. The company has a fifty day moving average of $166.53 and a two-hundred day moving average of $177.47.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted 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 net margin of 14.44% and a return on equity of 18.00%. On average, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid 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 yield of 0.69%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.

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.