Oddo BHF Asset Management Sas Acquires New Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Oddo BHF Asset Management Sas acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,636 shares of the construction company's stock, valued at approximately $1,652,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SSD. Champlain Investment Partners LLC purchased a new position in Simpson Manufacturing during the third quarter valued at $16,060,000. US Bancorp DE raised 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 acquiring an additional 352 shares during the period. International Assets Investment Management LLC raised 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 acquiring an additional 5,863 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock worth $93,171,000 after purchasing an additional 6,585 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Simpson Manufacturing by 336.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company's stock worth $37,838,000 after purchasing an additional 173,097 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the company's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.42% of the company's stock.

Analysts Set New Price Targets

Separately, Robert W. Baird raised their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a report on Monday, October 21st.

Simpson Manufacturing Price Performance

SSD traded down $1.32 during trading on Friday, reaching $184.37. 192,289 shares of the company traded hands, compared to its average volume of 273,205. The company has a market cap of $7.77 billion, a P/E ratio of 24.36 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a 12-month low of $157.42 and a 12-month high of $218.38. The firm has a fifty day simple moving average of $185.39 and a 200 day simple moving average of $179.69.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The company had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same quarter in the prior year, the firm posted $2.43 earnings per share. The business's revenue was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's payout ratio is 14.80%.

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.