Inspire Advisors LLC Buys New Shares in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Key Points

• Inspire Advisors LLC acquired 5,441 shares of Simpson Manufacturing, valued at approximately $855,000, according to their recent 13F filing.
• Simpson Manufacturing reported earnings of $1.85 per share, surpassing analyst expectations of $1.71, with revenue hitting $538.90 million for the quarter.
• The company declared a quarterly dividend of $0.29 per share, to be paid on October 23rd, indicating a 0.70% dividend yield.

Inspire Advisors LLC purchased a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,441 shares of the construction company's stock, valued at approximately $855,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Simpson Manufacturing by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock worth $697,294,000 after purchasing an additional 31,164 shares during the period. Baker Avenue Asset Management LP increased its holdings in shares of Simpson Manufacturing by 4.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company's stock worth $232,148,000 after buying an additional 62,165 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Simpson Manufacturing by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock worth $117,804,000 after buying an additional 2,502 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Simpson Manufacturing by 1.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company's stock worth $104,545,000 after buying an additional 10,940 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Simpson Manufacturing by 90.4% during the fourth quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock worth $96,405,000 after buying an additional 275,989 shares in the last quarter. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $165.61 on Monday. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 21.56 and a beta of 1.28. The company has a 50 day moving average of $158.93 and a 200-day moving average of $159.55. The company has a current ratio of 3.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. 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 posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The company's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. On average, equities analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.70%. Simpson Manufacturing's payout ratio is 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.

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