Bank of Nova Scotia Has $8.29 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Bank of Nova Scotia increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the construction company's stock after acquiring an additional 2,040 shares during the quarter. Bank of Nova Scotia owned about 0.12% of Simpson Manufacturing worth $8,292,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. HighTower Advisors LLC lifted its position in Simpson Manufacturing by 4.2% during the 3rd quarter. HighTower Advisors LLC now owns 5,746 shares of the construction company's stock valued at $1,101,000 after purchasing an additional 230 shares during the period. Quantinno Capital Management LP grew its holdings in Simpson Manufacturing by 23.8% during the 3rd quarter. Quantinno Capital Management LP now owns 5,162 shares of the construction company's stock worth $987,000 after acquiring an additional 993 shares during the period. Wellington Management Group LLP bought a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at $11,931,000. Orion Portfolio Solutions LLC lifted its stake in shares of Simpson Manufacturing by 33.0% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 7,440 shares of the construction company's stock valued at $1,423,000 after purchasing an additional 1,844 shares during the period. Finally, MML Investors Services LLC bought a new position in shares of Simpson Manufacturing in the 3rd quarter worth $290,000. Institutional investors own 93.68% of the company's stock.

Insider Activity

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 transaction, the executive vice president now directly owns 8,810 shares of the company's stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Robert W. Baird cut their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. DA Davidson decreased their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

Simpson Manufacturing Stock Down 0.0 %

Shares of NYSE:SSD traded down $0.02 during trading on Tuesday, hitting $149.76. 323,347 shares of the company were exchanged, compared to its average volume of 287,636. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $159.93 and a two-hundred day moving average price of $171.81.

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, topping 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%. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared 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. This represents a $1.12 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is presently 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.