Berkeley Inc Has $4.73 Million Stake in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Berkeley Inc grew its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 21.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,140 shares of the construction company's stock after buying an additional 5,321 shares during the quarter. Simpson Manufacturing accounts for approximately 2.2% of Berkeley Inc's holdings, making the stock its 15th biggest holding. Berkeley Inc owned 0.07% of Simpson Manufacturing worth $4,734,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised its holdings in 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 worth $447,000 after buying an additional 70 shares during the period. Xponance Inc. raised its holdings in Simpson Manufacturing by 1.5% during 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 period. CWM LLC raised its holdings in Simpson Manufacturing by 39.1% during 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 period. Signaturefd LLC raised its holdings in 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 buying an additional 98 shares during the period. Finally, State of Michigan Retirement System raised its holdings in Simpson Manufacturing by 1.0% during 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 period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Down 0.7%

SSD stock traded down $1.10 during mid-day trading on Wednesday, hitting $158.05. 210,774 shares of the company were exchanged, compared to its average volume of 252,482. 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 firm has a market cap of $6.61 billion, a P/E ratio of 20.58 and a beta of 1.28. The firm's 50 day simple moving average is $158.96 and its 200 day simple moving average is $159.70. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-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, topping the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. During the same period last year, the company posted $1.77 EPS. The business's quarterly revenue was up 1.6% on a year-over-year basis. On average, sell-side analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. Simpson Manufacturing's dividend payout ratio (DPR) is 15.10%.

About Simpson Manufacturing

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.