Novem Group Makes New $695,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Novem Group acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,189 shares of the construction company's stock, valued at approximately $695,000.

A number of other institutional investors also recently made changes to their positions in SSD. Quarry LP bought a new position in shares of Simpson Manufacturing in the fourth quarter worth $28,000. Park Place Capital Corp acquired a new stake in Simpson Manufacturing in the fourth quarter worth about $29,000. R Squared Ltd bought a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $30,000. UMB Bank n.a. increased its holdings in shares of Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after purchasing an additional 97 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of Simpson Manufacturing by 53.4% during the fourth quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Up 2.2%

SSD stock traded up $3.39 during mid-day trading on Tuesday, reaching $157.79. The company had a trading volume of 47,154 shares, compared to its average volume of 270,947. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 20.77 and a beta of 1.34. The firm has a fifty day simple moving average of $153.99 and a 200 day simple moving average of $165.18.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same period in the previous year, the firm posted $1.77 EPS. Simpson Manufacturing's revenue was up 1.6% on a year-over-year basis. Analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.74%. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is currently 15.10%.

Analysts Set New Price Targets

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

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.