Edgestream Partners L.P. Acquires Shares of 53,373 Simpson Manufacturing Company, Inc. (NYSE:SSD)

Edgestream Partners L.P. purchased a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 53,373 shares of the construction company's stock, valued at approximately $8,384,000. Edgestream Partners L.P. owned 0.13% of Simpson Manufacturing at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SSD. Principal Financial Group Inc. boosted its stake in shares of Simpson Manufacturing by 0.4% in the first quarter. Principal Financial Group Inc. now owns 97,163 shares of the construction company's stock valued at $15,262,000 after purchasing an additional 380 shares during the period. GAMMA Investing LLC grew its stake in shares of Simpson Manufacturing by 163.7% in the first quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company's stock worth $184,000 after acquiring an additional 727 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Simpson Manufacturing by 708.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,590 shares of the construction company's stock worth $2,135,000 after acquiring an additional 11,908 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Simpson Manufacturing by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company's stock valued at $776,000 after acquiring an additional 135 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Simpson Manufacturing by 1,070.0% in the first 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 owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Down 1.2%

NYSE:SSD traded down $1.96 during mid-day trading on Monday, hitting $164.87. The stock had a trading volume of 251,814 shares, compared to its average volume of 273,286. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The stock has a 50-day simple moving average of $158.56 and a two-hundred day simple moving average of $159.73. The company has a current ratio of 3.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $6.90 billion, a PE ratio of 21.47 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $538.90 million for the quarter, compared to analysts' expectations of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. Simpson Manufacturing's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. On average, equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current 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 represents a $1.16 annualized dividend and a dividend yield of 0.70%. 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. Simpson Manufacturing's payout ratio is currently 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.