Ipswich Investment Management Co. Inc. Has $2.36 Million Holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Ipswich Investment Management Co. Inc. boosted its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 14.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,990 shares of the construction company's stock after purchasing an additional 1,902 shares during the quarter. Ipswich Investment Management Co. Inc.'s holdings in Simpson Manufacturing were worth $2,355,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SSD. Quarry LP bought a new position in shares of Simpson Manufacturing in the 4th quarter valued at $28,000. Investment Management Corp VA ADV acquired a new stake in Simpson Manufacturing in the fourth quarter valued at about $28,000. V Square Quantitative Management LLC grew its position in Simpson Manufacturing by 53.4% in the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after acquiring an additional 95 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Simpson Manufacturing during the first quarter worth about $45,000. Finally, Jones Financial Companies Lllp raised its stake in Simpson Manufacturing by 1,542.3% during the fourth quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company's stock worth $71,000 after acquiring an additional 401 shares in the last quarter. Institutional investors own 93.68% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson decreased their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD traded down $3.83 during trading on Tuesday, hitting $152.00. 273,771 shares of the company were exchanged, compared to its average volume of 270,791. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $197.82. The company has a market capitalization of $6.36 billion, a P/E ratio of 19.79 and a beta of 1.30. The company has a quick ratio of 1.54, a current ratio of 3.17 and a debt-to-equity ratio of 0.19. The business's 50 day moving average is $155.22 and its 200-day moving average is $162.21.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. The business had revenue of $538.90 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.77 EPS. Equities analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. 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 0.76%. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's payout ratio is 14.58%.

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.