Burgundy Asset Management Ltd. grew its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 630,436 shares of the construction company's stock after purchasing an additional 10,940 shares during the quarter. Burgundy Asset Management Ltd. owned about 1.50% of Simpson Manufacturing worth $104,545,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in SSD. Barclays PLC boosted its position in shares of Simpson Manufacturing by 42.0% in the 3rd quarter. Barclays PLC now owns 24,179 shares of the construction company's stock worth $4,624,000 after purchasing an additional 7,155 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in Simpson Manufacturing by 24.7% in the fourth quarter. Park Avenue Securities LLC now owns 2,506 shares of the construction company's stock worth $416,000 after acquiring an additional 496 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after acquiring an additional 97 shares during the last quarter. Park Place Capital Corp purchased a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $29,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Simpson Manufacturing by 1,473.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company's stock valued at $13,310,000 after acquiring an additional 75,162 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.
Simpson Manufacturing Stock Performance
NYSE SSD traded down $2.52 during mid-day trading on Wednesday, reaching $155.03. 64,154 shares of the stock were exchanged, compared to its average volume of 270,705. The company has a market capitalization of $6.48 billion, a P/E ratio of 20.40 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The business's 50 day moving average is $154.00 and its 200-day moving average is $165.12. Simpson Manufacturing Co., 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 issued its quarterly earnings data 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 business had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The company's revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.
Simpson Manufacturing Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a $0.29 dividend. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.75%. Simpson Manufacturing's dividend payout ratio is presently 15.10%.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Robert W. Baird dropped their target price on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson dropped their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.
Check Out Our Latest Analysis on SSD
About Simpson Manufacturing
(
Free Report)
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.
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