MQS Management LLC bought a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,803 shares of the construction company's stock, valued at approximately $283,000.
A number of other hedge funds have also added to or reduced their stakes in SSD. CIBC Private Wealth Group LLC grew its holdings in shares of Simpson Manufacturing by 2.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after purchasing an additional 70 shares in the last quarter. Xponance Inc. lifted its position in Simpson Manufacturing by 1.5% in the 1st quarter. Xponance Inc. now owns 5,262 shares of the construction company's stock worth $827,000 after buying an additional 78 shares during the last quarter. CWM LLC lifted its position in Simpson Manufacturing by 39.1% in the 1st quarter. CWM LLC now owns 331 shares of the construction company's stock worth $52,000 after buying an additional 93 shares during the last quarter. Signaturefd LLC lifted its position in Simpson Manufacturing by 23.0% in the 4th quarter. Signaturefd LLC now owns 525 shares of the construction company's stock worth $87,000 after buying an additional 98 shares during the last quarter. Finally, State of Michigan Retirement System lifted its position in Simpson Manufacturing by 1.0% in the 1st quarter. State of Michigan Retirement System now owns 10,127 shares of the construction company's stock worth $1,591,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.
Simpson Manufacturing Price Performance
NYSE:SSD traded down $1.88 during mid-day trading on Friday, reaching $157.88. The stock had a trading volume of 62,386 shares, compared to its average volume of 270,885. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17. The stock has a market capitalization of $6.60 billion, a P/E ratio of 20.56 and a beta of 1.28. The firm has a 50 day moving average price of $159.02 and a two-hundred day moving average price of $159.66. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.77 earnings per share. As a group, analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.
Simpson Manufacturing Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, July 3rd. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is currently 15.10%.
Simpson Manufacturing Profile
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Free Report)
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.
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