444,778 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Norges Bank

Norges Bank purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 444,778 shares of the construction company’s stock, valued at approximately $73,758,000. Norges Bank owned 1.05% of Simpson Manufacturing at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. New York Life Investment Management LLC purchased a new stake in Simpson Manufacturing during the fourth quarter worth $738,000. Diversified Trust Co purchased a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $591,000. Geode Capital Management LLC grew its position in shares of Simpson Manufacturing by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock valued at $135,390,000 after acquiring an additional 7,351 shares during the period. Van ECK Associates Corp increased its stake in shares of Simpson Manufacturing by 29.3% in the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company’s stock valued at $5,979,000 after purchasing an additional 8,170 shares in the last quarter. Finally, Financial Advocates Investment Management acquired a new position in Simpson Manufacturing in the 4th quarter worth about $401,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This trade represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SSD has been the subject of a number of recent analyst reports. DA Davidson cut their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Robert W. Baird cut their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a report on Tuesday, February 11th.

Simpson Manufacturing Trading Up 1.1 %

SSD stock opened at $158.68 on Thursday. Simpson Manufacturing Co., Inc. has a 12-month low of $152.74 and a 12-month high of $199.17. The business’s 50-day moving average is $164.07 and its 200 day moving average is $174.80. 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 stock has a market cap of $6.66 billion, a price-to-earnings ratio of 20.88 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

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.