Two Sigma Advisers LP Purchases 4,300 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Two Sigma Advisers LP grew its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 148.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,200 shares of the construction company's stock after acquiring an additional 4,300 shares during the period. Two Sigma Advisers LP's holdings in Simpson Manufacturing were worth $1,194,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in SSD. Barclays PLC grew its position in shares of Simpson Manufacturing by 42.0% in the 3rd quarter. Barclays PLC now owns 24,179 shares of the construction company's stock valued at $4,624,000 after buying an additional 7,155 shares during the last quarter. KBC Group NV raised its stake in Simpson Manufacturing by 54.7% during the fourth quarter. KBC Group NV now owns 1,866 shares of the construction company's stock valued at $309,000 after buying an additional 660 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Simpson Manufacturing by 1.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after buying an additional 88 shares in the last quarter. R Squared Ltd acquired a new position in Simpson Manufacturing during the fourth quarter worth about $30,000. Finally, Trust Point Inc. boosted its stake in shares of Simpson Manufacturing by 29.7% during the 4th quarter. Trust Point Inc. now owns 1,966 shares of the construction company's stock worth $326,000 after acquiring an additional 450 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

Shares of NYSE SSD traded up $0.68 during mid-day trading on Wednesday, hitting $159.23. 273,228 shares of the stock traded hands, compared to its average volume of 271,690. The company has a market cap of $6.66 billion, a PE ratio of 20.95 and a beta of 1.30. The firm has a 50 day simple moving average of $153.73 and a two-hundred day simple moving average of $164.10. 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 twelve month low of $137.35 and a twelve month high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The firm had revenue of $538.90 million for 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%. The company's quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.77 earnings per share. As a group, equities research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm 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 dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.73%. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is currently 15.10%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SSD. Robert W. Baird cut their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson reduced their price objective on 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 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.