Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 15,894 shares of Simpson Manufacturing Company (NYSE:SSD) during the first quarter, valued at approximately $2.5 million.
• Simpson Manufacturing recently announced a quarterly dividend of $0.29 per share, with a dividend yield of 0.63%.
• DA Davidson upgraded the target price for Simpson Manufacturing shares from $180.00 to $185.00 and maintained a "neutral" rating.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,894 shares of the construction company's stock, valued at approximately $2,497,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SSD. Kestra Private Wealth Services LLC increased its stake in shares of Simpson Manufacturing by 2.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 2,965 shares of the construction company's stock valued at $466,000 after acquiring an additional 71 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Simpson Manufacturing by 3.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 46,648 shares of the construction company's stock valued at $7,327,000 after acquiring an additional 1,628 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Simpson Manufacturing by 2.0% in the 1st quarter. Whittier Trust Co. now owns 85,358 shares of the construction company's stock valued at $13,408,000 after acquiring an additional 1,678 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Simpson Manufacturing by 1.4% in the 1st quarter. Apollon Wealth Management LLC now owns 5,404 shares of the construction company's stock valued at $849,000 after acquiring an additional 74 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at $8,384,000. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Stock Down 0.3%

NYSE SSD traded down $0.50 during mid-day trading on Friday, hitting $178.93. The company's stock had a trading volume of 377,085 shares, compared to its average volume of 309,271. The company has a current ratio of 3.37, a quick ratio of 1.54 and a debt-to-equity ratio of 0.18. The company's 50 day simple moving average is $160.95 and its 200 day simple moving average is $160.17. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 22.82 and a beta of 1.26.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.08. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%. The business had revenue of $631.06 million for the quarter, compared to analysts' expectations of $601.80 million. During the same period last year, the business earned $2.31 EPS. The business's revenue was up 5.7% on a year-over-year basis. Analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.

Analysts Set New Price Targets

Separately, DA Davidson lifted their price objective on shares of Simpson Manufacturing from $180.00 to $185.00 and gave the company a "neutral" rating 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.