National Bank of Canada FI Decreases Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

National Bank of Canada FI lessened its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 98.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 711 shares of the construction company's stock after selling 43,009 shares during the period. National Bank of Canada FI's holdings in Simpson Manufacturing were worth $136,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC purchased a new stake in shares of Simpson Manufacturing during the 3rd quarter worth $16,060,000. US Bancorp DE lifted its position in shares of 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 purchasing an additional 352 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of 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 purchasing an additional 5,863 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Simpson Manufacturing by 1.4% during the 3rd 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Simpson Manufacturing by 336.6% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a research note on Monday, October 21st.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE SSD traded down $6.45 during trading on Tuesday, reaching $177.73. The company's stock had a trading volume of 261,393 shares, compared to its average volume of 273,151. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 23.48 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38. The business's fifty day moving average price is $184.90 and its 200-day moving average price is $180.06.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 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 business had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the prior year, the firm posted $2.43 earnings per share. The company's revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.63%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.

Simpson Manufacturing Company 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.