Azzad Asset Management Inc. ADV Invests $761,000 in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Azzad Asset Management Inc. ADV bought a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,846 shares of the construction company's stock, valued at approximately $761,000.

Other large investors have also modified their holdings of the company. CIBC Asset Management Inc lifted its position in shares of Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock valued at $216,000 after buying an additional 64 shares in the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Simpson Manufacturing by 2.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock valued at $447,000 after acquiring an additional 70 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after buying an additional 95 shares during the last quarter. Arizona State Retirement System raised its position in Simpson Manufacturing by 0.8% in the fourth quarter. Arizona State Retirement System now owns 12,237 shares of the construction company's stock valued at $2,029,000 after purchasing an additional 97 shares during the period. Finally, Signaturefd LLC grew its holdings in shares of Simpson Manufacturing by 23.0% during the 4th quarter. Signaturefd LLC now owns 525 shares of the construction company's stock worth $87,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson decreased their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th.

Simpson Manufacturing Stock Up 0.5%

Shares of SSD traded up $0.76 during mid-day trading on Thursday, reaching $152.69. The company's stock had a trading volume of 491,020 shares, compared to its average volume of 271,466. The stock has a market cap of $6.39 billion, a PE ratio of 19.88 and a beta of 1.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The company's 50 day moving average is $155.27 and its 200 day moving average is $162.14.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The business had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same period in the prior year, the company earned $1.77 earnings per share. The company's revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a $0.29 dividend. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 15.10%.

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.