27,500 Shares in Simpson Manufacturing Company, Inc. $SSD Purchased by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt bought 27,500 Simpson Manufacturing shares worth approximately $5.76 million, giving it a 0.07% stake. Institutional investors and hedge funds collectively own 93.68% of the company.
• Simpson Manufacturing beat quarterly expectations, reporting $3.09 in EPS versus the $2.72 consensus and $671.08 million in revenue, up 6.3% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and a $216.25 target price. The company also declared a $0.30 quarterly dividend, equivalent to a 0.7% annual yield.

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,500 shares of the construction company's stock, valued at approximately $5,756,000. Livforsakringsbolaget Skandia Omsesidigt owned about 0.07% of Simpson Manufacturing as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. United Capital Financial Advisors LLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter worth approximately $260,000. Caitlin John LLC acquired a new stake in Simpson Manufacturing during the 2nd quarter valued at $27,000. Equitable Holdings Inc. bought a new position in Simpson Manufacturing during the second quarter worth $402,000. Public Employees Retirement System of Ohio acquired a new position in shares of Simpson Manufacturing in the second quarter valued at $2,767,000. Finally, Pure Financial Advisors LLC bought a new position in shares of Simpson Manufacturing in the second quarter valued at about $211,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on SSD. Stifel Nicolaus upped their price target on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Stephens upped their target price on Simpson Manufacturing from $210.00 to $215.00 and gave the company a "cautious" rating in a research report on Tuesday, July 28th. UBS Group reissued a "neutral" rating on shares of Simpson Manufacturing in a report on Tuesday, July 28th. Weiss Ratings raised Simpson Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, July 24th. Finally, Wall Street Zen downgraded Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $216.25.

Simpson Manufacturing Stock Down 0.2%

NYSE SSD opened at $182.04 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 19.90 and a beta of 1.31. The company has a 50 day moving average of $193.49 and a 200-day moving average of $188.42. Simpson Manufacturing Company, Inc. has a 1-year low of $156.32 and a 1-year high of $213.49.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.72 by $0.37. The business had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.47 earnings per share. On average, equities research analysts expect that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a $0.30 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. Simpson Manufacturing's dividend payout ratio (DPR) is presently 13.11%.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.

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