UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 3,411 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,109 shares of the construction company's stock after selling 3,411 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.45% of Simpson Manufacturing worth $35,980,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SSD. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Simpson Manufacturing in the third quarter valued at approximately $2,678,000. Glenmede Trust Co. NA increased its stake in shares of Simpson Manufacturing by 12.0% in the third quarter. Glenmede Trust Co. NA now owns 11,239 shares of the construction company's stock worth $2,150,000 after buying an additional 1,208 shares during the period. Townsquare Capital LLC raised its holdings in Simpson Manufacturing by 2.4% during the 3rd quarter. Townsquare Capital LLC now owns 7,092 shares of the construction company's stock valued at $1,356,000 after buying an additional 167 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Simpson Manufacturing by 73.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,999 shares of the construction company's stock valued at $2,486,000 after buying an additional 5,512 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Simpson Manufacturing in the 3rd quarter worth $2,089,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird upped 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.

Simpson Manufacturing Trading Down 1.6 %

Shares of SSD stock traded down $2.87 during trading hours on Thursday, reaching $180.49. The company's stock had a trading volume of 253,327 shares, compared to its average volume of 273,662. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38. The stock has a market capitalization of $7.61 billion, a P/E ratio of 24.00 and a beta of 1.32. The firm's fifty day simple moving average is $186.17 and its 200 day simple moving average is $179.10.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate 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 last year, the firm earned $2.43 EPS. The business's revenue was up 1.2% on a year-over-year basis. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.62%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

Insider Activity

In related news, EVP Roger Dankel sold 250 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

About Simpson Manufacturing

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.