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

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

Other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new stake in Simpson Manufacturing during the fourth quarter valued at about $28,000. Investment Management Corp VA ADV purchased a new stake in Simpson Manufacturing during the fourth quarter valued at about $28,000. Harbor Capital Advisors Inc. purchased a new stake in Simpson Manufacturing during the first quarter valued at about $45,000. CWM LLC raised its position in Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company's stock valued at $52,000 after purchasing an additional 93 shares in the last quarter. Finally, Blue Trust Inc. raised its position in Simpson Manufacturing by 1,070.0% during 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 in the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Price Performance

NYSE SSD traded up $1.96 during trading hours on Thursday, reaching $159.99. 242,629 shares of the stock traded hands, compared to its average volume of 252,093. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 20.83 and a beta of 1.28. The stock has a 50 day simple moving average of $159.02 and a two-hundred day simple moving average of $159.66. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. 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 released its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.71 by $0.14. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.77 earnings per share. On average, analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS 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 issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.16 annualized dividend and a dividend yield of 0.73%. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's payout ratio is currently 15.10%.

Simpson Manufacturing Profile

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.