Azzad Asset Management Inc. ADV Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Azzad Asset Management Inc. ADV acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,846 shares of the construction company's stock, valued at approximately $761,000.

A number of other large investors have also made changes to their positions in SSD. Quarry LP acquired a new position in Simpson Manufacturing in the 4th quarter worth $28,000. Investment Management Corp VA ADV acquired a new position in Simpson Manufacturing during the fourth quarter worth approximately $28,000. V Square Quantitative Management LLC raised its stake in Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after acquiring an additional 95 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Simpson Manufacturing during the 1st quarter worth about $45,000. Finally, Jones Financial Companies Lllp lifted its holdings in Simpson Manufacturing by 1,542.3% during the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company's stock worth $71,000 after purchasing an additional 401 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Price Performance

Shares of SSD stock traded up $0.25 on Monday, hitting $155.94. 415,119 shares of the company's stock were exchanged, compared to its average volume of 270,816. The company has a 50 day moving average of $154.86 and a 200 day moving average of $162.51. The stock has a market cap of $6.52 billion, a P/E ratio of 20.52 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The firm had revenue of $538.90 million for the quarter, compared to analysts' expectations of $531.81 million. During the same quarter in the previous year, the firm posted $1.77 earnings per share. The company's revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is presently 15.10%.

Analysts Set New Price Targets

Separately, DA Davidson dropped their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

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.