First Hawaiian Bank Sells 180 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

First Hawaiian Bank lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 11.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,425 shares of the construction company’s stock after selling 180 shares during the period. First Hawaiian Bank’s holdings in Simpson Manufacturing were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Diversified Trust Co bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at $591,000. GAMMA Investing LLC lifted its holdings in Simpson Manufacturing by 16.8% during the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock valued at $74,000 after purchasing an additional 64 shares during the last quarter. Retirement Systems of Alabama boosted its position in Simpson Manufacturing by 2.0% in the third quarter. Retirement Systems of Alabama now owns 53,085 shares of the construction company’s stock valued at $10,154,000 after buying an additional 1,052 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Simpson Manufacturing during the third quarter worth about $1,652,000. Finally, Tidal Investments LLC increased its holdings in shares of Simpson Manufacturing by 4.8% during the third quarter. Tidal Investments LLC now owns 2,901 shares of the construction company’s stock worth $555,000 after buying an additional 133 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the firm’s 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 transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD opened at $158.02 on Friday. The business has a fifty day moving average of $177.71 and a 200-day moving average of $179.91. The firm has a market cap of $6.66 billion, a PE ratio of 20.87 and a beta of 1.35. 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 twelve month low of $155.73 and a twelve month high of $218.38.

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

Simpson Manufacturing Dividend Announcement

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 given a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. 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.