Simpson Manufacturing Company, Inc. (NYSE:SSD) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,873 shares of the construction company's stock after buying an additional 5,611 shares during the period. Janney Montgomery Scott LLC owned approximately 0.20% of Simpson Manufacturing worth $13,489,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in shares of Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after purchasing an additional 64 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Simpson Manufacturing by 2.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after acquiring an additional 70 shares during the period. Arizona State Retirement System increased its stake in Simpson Manufacturing by 0.8% in the 4th quarter. Arizona State Retirement System now owns 12,237 shares of the construction company's stock valued at $2,029,000 after purchasing an additional 97 shares in the last quarter. Signaturefd LLC raised its holdings in Simpson Manufacturing by 23.0% during the fourth quarter. Signaturefd LLC now owns 525 shares of the construction company's stock worth $87,000 after purchasing an additional 98 shares during the last quarter. Finally, First Hawaiian Bank boosted its position in Simpson Manufacturing by 7.2% during the first quarter. First Hawaiian Bank now owns 1,527 shares of the construction company's stock worth $240,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Analyst Ratings Changes

Separately, DA Davidson dropped their price target 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.

Simpson Manufacturing Price Performance

Shares of NYSE SSD traded up $4.29 on Monday, hitting $158.06. The company's stock had a trading volume of 213,285 shares, compared to its average volume of 270,367. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. The stock has a 50 day moving average of $155.61 and a 200-day moving average of $161.23. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 20.58 and a beta of 1.30.

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 (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. The firm had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.77 EPS. As a group, research analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio (DPR) is presently 15.10%.

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.