Bessemer Group Inc. Grows Position in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Bessemer Group Inc. lifted its position in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 5.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,078 shares of the construction company's stock after acquiring an additional 5,295 shares during the quarter. Bessemer Group Inc. owned 0.25% of Simpson Manufacturing worth $16,505,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC bought a new position in Simpson Manufacturing in the fourth quarter worth about $411,000. Bank of New York Mellon Corp raised its holdings in Simpson Manufacturing by 3.6% in the fourth quarter. Bank of New York Mellon Corp now owns 348,277 shares of the construction company's stock worth $57,755,000 after purchasing an additional 12,187 shares in the last quarter. Robeco Schweiz AG bought a new position in Simpson Manufacturing in the fourth quarter worth about $2,570,000. Harfst & Associates Inc. raised its holdings in Simpson Manufacturing by 2.2% in the fourth quarter. Harfst & Associates Inc. now owns 15,666 shares of the construction company's stock worth $2,598,000 after purchasing an additional 339 shares in the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $738,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Down 0.4%

Shares of SSD stock traded down $0.70 during trading hours on Friday, reaching $157.16. 644,517 shares of the company's stock were exchanged, compared to its average volume of 269,712. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The stock has a market cap of $6.57 billion, a PE ratio of 20.46 and a beta of 1.30. The company has a current ratio of 3.17, a quick ratio of 1.54 and a debt-to-equity ratio of 0.19. The stock's fifty day moving average price is $156.23 and its two-hundred day moving average price is $160.99.

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, 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%. The company's revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.77 earnings per share. 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. 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%. The ex-dividend date of this dividend is Thursday, July 3rd. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend payout ratio is currently 14.58%.

Analyst Ratings Changes

Separately, DA Davidson dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note 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.