GAMMA Investing LLC Acquires 183,497 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

GAMMA Investing LLC boosted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 41,328.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,941 shares of the construction company's stock after acquiring an additional 183,497 shares during the quarter. GAMMA Investing LLC owned 0.44% of Simpson Manufacturing worth $28,893,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Hawaiian Bank lifted its holdings in shares of Simpson Manufacturing by 7.2% in the first quarter. First Hawaiian Bank now owns 1,527 shares of the construction company's stock valued at $240,000 after purchasing an additional 102 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Simpson Manufacturing by 35.0% during the fourth quarter. Wellington Management Group LLP now owns 84,197 shares of the construction company's stock worth $13,962,000 after buying an additional 21,818 shares in the last quarter. Berkeley Inc acquired a new stake in Simpson Manufacturing in the 4th quarter valued at approximately $4,116,000. Investment Management Corp VA ADV bought a new stake in Simpson Manufacturing in the 4th quarter valued at approximately $28,000. Finally, Burgundy Asset Management Ltd. lifted its stake in Simpson Manufacturing by 1.8% in the 4th quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company's stock valued at $104,545,000 after acquiring an additional 10,940 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Stock Down 1.6%

Shares of NYSE SSD traded down $2.57 during mid-day trading on Friday, hitting $156.93. The company had a trading volume of 306,333 shares, compared to its average volume of 271,509. Simpson Manufacturing Co., Inc. has a one year low of $137.35 and a one year high of $197.82. The company has a market capitalization of $6.56 billion, a PE ratio of 20.65 and a beta of 1.30. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The firm has a 50-day simple moving average of $153.78 and a two-hundred day simple moving average of $163.96.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating 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 return on equity of 18.00% and a net margin of 14.44%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 earnings per share. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

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