Deutsche Bank AG Invests $1.50 Million in Simpson Manufacturing Company, Inc. $SSD

Deutsche Bank AG purchased a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 7,139 shares of the construction company's stock, valued at approximately $1,495,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of Montreal Can lifted its stake in Simpson Manufacturing by 11,044.7% during the 4th quarter. Bank of Montreal Can now owns 678,490 shares of the construction company's stock valued at $109,556,000 after acquiring an additional 672,402 shares in the last quarter. Norges Bank bought a new position in shares of Simpson Manufacturing during the fourth quarter valued at about $85,140,000. Victory Capital Management Inc. boosted its holdings in Simpson Manufacturing by 6,234.7% during the fourth quarter. Victory Capital Management Inc. now owns 397,947 shares of the construction company's stock worth $64,257,000 after purchasing an additional 391,665 shares during the last quarter. Capital International Investors grew its position in Simpson Manufacturing by 93.7% in the 4th quarter. Capital International Investors now owns 663,195 shares of the construction company's stock worth $107,086,000 after purchasing an additional 320,870 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Simpson Manufacturing in the 2nd quarter valued at about $59,197,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Down 0.2%

Shares of Simpson Manufacturing stock opened at $182.04 on Friday. The company's 50-day moving average price is $193.49 and its 200-day moving average price is $188.42. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. Simpson Manufacturing Company, Inc. has a 12-month low of $156.32 and a 12-month high of $213.49. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 19.90 and a beta of 1.31.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The firm had revenue of $671.08 million for the quarter, compared to analysts' expectations of $658.76 million. During the same quarter in the prior year, the firm posted $2.47 earnings per share. The business's quarterly revenue was up 6.3% on a year-over-year basis. On average, equities analysts expect that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing's dividend payout ratio (DPR) is presently 13.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SSD shares. Stephens upped their price objective on Simpson Manufacturing from $210.00 to $215.00 and gave the company a "cautious" rating in a research note on Tuesday, July 28th. UBS Group restated a "neutral" rating on shares of Simpson Manufacturing in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Simpson Manufacturing from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, July 24th. Stifel Nicolaus increased their target price on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen cut shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of "Hold" and a consensus target price of $216.25.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.

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