Zurcher Kantonalbank Zurich Cantonalbank Has $1.79 Million Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,790 shares of the construction company’s stock after buying an additional 1,175 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Simpson Manufacturing were worth $1,789,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SSD. Riverbridge Partners LLC acquired a new stake in Simpson Manufacturing during the 4th quarter worth $58,414,000. FMR LLC grew its holdings in Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after acquiring an additional 333,390 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at $54,644,000. EP Wealth Advisors LLC grew its holdings in shares of Simpson Manufacturing by 1,020.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock valued at $26,745,000 after buying an additional 127,345 shares during the period. Finally, Fisher Asset Management LLC grew its holdings in shares of Simpson Manufacturing by 67.2% in the 3rd quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company’s stock valued at $41,976,000 after buying an additional 88,235 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $159.47 on Tuesday. The firm has a market cap of $6.72 billion, a PE ratio of 20.98 and a beta of 1.39. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 1-year low of $153.87 and a 1-year high of $208.12. The company has a fifty day moving average price of $165.53 and a 200 day moving average price of $176.24.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share 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%. Research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s payout ratio is presently 14.74%.

Insider Buying and Selling

In related news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Robert W. Baird decreased 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. DA Davidson decreased their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a 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.