Berkeley Inc Raises Stock Holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Berkeley Inc increased its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 21.4% in the 1st quarter, according to its most recent 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 comprises approximately 2.2% of Berkeley Inc's portfolio, making the stock its 15th biggest position. Berkeley Inc owned about 0.07% of Simpson Manufacturing worth $4,734,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $28,000. Investment Management Corp VA ADV bought a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $28,000. Harbor Capital Advisors Inc. bought a new stake in shares of Simpson Manufacturing during the 1st quarter valued at about $45,000. CWM LLC grew its stake in shares of Simpson Manufacturing by 39.1% during the 1st quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after purchasing an additional 93 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Simpson Manufacturing by 1,070.0% during the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock valued at $55,000 after purchasing an additional 321 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded down $3.37 during trading hours on Tuesday, reaching $161.37. 75,938 shares of the stock traded hands, compared to its average volume of 251,817. The company has a 50 day moving average price of $158.56 and a 200 day moving average price of $159.73. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 21.05 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The company has a quick ratio of 1.54, a current ratio of 3.17 and a debt-to-equity ratio of 0.19.

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 analysts' consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The firm had revenue of $538.90 million for the quarter, compared to analysts' expectations of $531.81 million. During the same period in the previous year, the firm earned $1.77 EPS. The business's quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.29 per share. This is a boost 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 0.72%. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's payout ratio is presently 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.