Amundi Has $9.49 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Amundi lowered its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,645 shares of the construction company’s stock after selling 467 shares during the quarter. Amundi owned approximately 0.14% of Simpson Manufacturing worth $9,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in Simpson Manufacturing by 24.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,643 shares of the construction company’s stock valued at $272,000 after acquiring an additional 318 shares during the last quarter. Callan Family Office LLC lifted its stake in Simpson Manufacturing by 250.8% in the fourth quarter. Callan Family Office LLC now owns 7,219 shares of the construction company’s stock valued at $1,197,000 after acquiring an additional 5,161 shares during the last quarter. Inceptionr LLC acquired a new stake in Simpson Manufacturing in the fourth quarter valued at $505,000. Raymond James Financial Inc. acquired a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $54,644,000. Finally, Arizona State Retirement System lifted its stake in shares of Simpson Manufacturing by 0.8% during the 4th quarter. Arizona State Retirement System now owns 12,237 shares of the construction company’s stock worth $2,029,000 after buying an additional 97 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $158.09 on Friday. Simpson Manufacturing Co., Inc. has a 52 week low of $153.87 and a 52 week high of $208.12. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 20.80 and a beta of 1.39. The firm’s 50-day simple moving average is $165.65 and its 200 day simple moving average is $176.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates 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, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

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

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on SSD shares. Robert W. Baird cut their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research note on Tuesday, February 11th. DA Davidson cut their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday.

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.