Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 41,328.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,941 shares of the construction company's stock after purchasing an additional 183,497 shares during the period. GAMMA Investing LLC owned about 0.44% of Simpson Manufacturing worth $28,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in Simpson Manufacturing in the 4th quarter worth about $73,758,000. Raymond James Financial Inc. acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $54,644,000. Ameriprise Financial Inc. boosted its holdings in shares of Simpson Manufacturing by 90.4% during the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock worth $96,405,000 after purchasing an additional 275,989 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Simpson Manufacturing by 5,137.3% during the 4th quarter. Quantinno Capital Management LP now owns 270,349 shares of the construction company's stock worth $44,832,000 after purchasing an additional 265,187 shares during the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in shares of Simpson Manufacturing by 300.2% during the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company's stock worth $55,727,000 after purchasing an additional 252,085 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SSD shares. DA Davidson cut their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird cut their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th.

Simpson Manufacturing Trading Down 1.6%

SSD stock traded down $2.57 during midday trading on Friday, hitting $156.93. The stock had a trading volume of 306,333 shares, compared to its average volume of 271,861. The firm has a market cap of $6.56 billion, a PE ratio of 20.65 and a beta of 1.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The company's 50-day moving average price is $153.77 and its 200 day moving average price is $163.58.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results 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 during the quarter, compared to analysts' expectations of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Simpson Manufacturing's revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 EPS. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a $0.29 dividend. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's payout ratio is presently 15.10%.

Simpson Manufacturing Company 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.