Pictet Asset Management Holding SA Raises Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Pictet Asset Management Holding SA grew its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 10.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,339 shares of the construction company’s stock after purchasing an additional 610 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Simpson Manufacturing were worth $1,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SSD. New Age Alpha Advisors LLC bought a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $1,545,000. Norges Bank purchased a new stake in Simpson Manufacturing in the fourth quarter worth $73,758,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Simpson Manufacturing by 33.9% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 107,723 shares of the construction company’s stock worth $17,864,000 after purchasing an additional 27,267 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in Simpson Manufacturing by 148.9% during the fourth quarter. Segall Bryant & Hamill LLC now owns 119,157 shares of the construction company’s stock valued at $19,760,000 after buying an additional 71,276 shares during the period. Finally, Walnut Level Capital LLC bought a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $1,244,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the 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 in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $147.36 on Monday. The business has a fifty day moving average price of $163.27 and a 200-day moving average price of $174.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company has a market capitalization of $6.19 billion, a PE ratio of 19.39 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82.

Simpson Manufacturing (NYSE:SSD) last issued its 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, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird dropped their price objective on shares of 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 dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th.

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.