BNP Paribas Arbitrage SA Has $1.12 Million Stake in Simpson Manufacturing Company, Inc. (SSD)

BNP Paribas Arbitrage SA grew its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 67.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,878 shares of the construction company’s stock after purchasing an additional 9,213 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Simpson Manufacturing were worth $1,122,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Simpson Manufacturing by 0.8% during the second quarter. BlackRock Inc. now owns 5,256,026 shares of the construction company’s stock valued at $229,740,000 after acquiring an additional 43,753 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Simpson Manufacturing by 11.0% during the second quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock valued at $131,584,000 after acquiring an additional 297,244 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Simpson Manufacturing by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,750,714 shares of the construction company’s stock valued at $76,524,000 after acquiring an additional 7,080 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Simpson Manufacturing during the second quarter valued at approximately $72,714,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Simpson Manufacturing by 10.4% during the second quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock valued at $70,977,000 after acquiring an additional 153,164 shares in the last quarter. 84.57% of the stock is owned by hedge funds and other institutional investors.

Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) traded up $0.24 during trading on Friday, hitting $60.21. The company had a trading volume of 262,373 shares, compared to its average volume of 215,247. The company has a market capitalization of $2,830.00, a P/E ratio of 32.46, a PEG ratio of 6.37 and a beta of 1.50. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $60.33.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Thursday, January 4th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, January 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.40%. Simpson Manufacturing’s dividend payout ratio is presently 41.38%.

A number of brokerages recently commented on SSD. BidaskClub downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Robert W. Baird restated a “hold” rating and set a $46.00 target price on shares of Simpson Manufacturing in a report on Friday, October 20th. Finally, DA Davidson upgraded Simpson Manufacturing from a “neutral” rating to a “buy” rating in a report on Tuesday, October 31st.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 24,973 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $49.07, for a total value of $1,225,425.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 11,962 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $49.05, for a total value of $586,736.10. Following the completion of the transaction, the insider now owns 769,504 shares of the company’s stock, valued at approximately $37,744,171.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 966,062 shares of company stock valued at $14,581,567,733. 0.36% of the stock is owned by corporate insiders.

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Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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