Natixis Increases Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Natixis raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 216.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,335 shares of the construction company's stock after acquiring an additional 37,844 shares during the quarter. Natixis owned approximately 0.13% of Simpson Manufacturing worth $9,176,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Simpson Manufacturing by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock worth $697,294,000 after buying an additional 31,164 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Simpson Manufacturing by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock valued at $117,804,000 after acquiring an additional 2,502 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 purchasing an additional 3,467 shares during the last quarter. Norges Bank acquired a new stake in Simpson Manufacturing during the 4th quarter worth $73,758,000. Finally, Federated Hermes Inc. increased its stake in Simpson Manufacturing by 17.6% in the fourth quarter. Federated Hermes Inc. now owns 378,094 shares of the construction company's stock valued at $62,699,000 after purchasing an additional 56,670 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded down $0.81 during midday trading on Friday, reaching $153.63. The company's stock had a trading volume of 171,170 shares, compared to its average volume of 262,717. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The firm has a market capitalization of $6.45 billion, a PE ratio of 20.21 and a beta of 1.33. The stock's 50 day simple moving average is $156.67 and its 200 day simple moving average is $169.70.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Thursday, April 3rd were issued a $0.28 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.73%. Simpson Manufacturing's payout ratio is 14.74%.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

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