Teacher Retirement System of Texas Has $5.70 Million Position in Simpson Manufacturing Company, Inc. $SSD

Key Points

• Teacher Retirement System of Texas increased its stake in Simpson Manufacturing (NYSE:SSD) by 23.3% in Q4 to 35,318 shares, a holding worth about $5.70 million (≈0.09% of the company).
• Simpson Manufacturing recently beat quarterly estimates (EPS $1.35 vs. $1.26) and trades near $182 with a $7.5B market cap, pays a $0.29 quarterly dividend (annualized $1.16, 0.6% yield), and carries an average analyst rating of "Moderate Buy" with a $205.25 price target.

Teacher Retirement System of Texas lifted its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,318 shares of the construction company's stock after purchasing an additional 6,673 shares during the quarter. Teacher Retirement System of Texas owned about 0.09% of Simpson Manufacturing worth $5,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company's stock valued at $25,000 after purchasing an additional 92 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Simpson Manufacturing by 322.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company's stock valued at $28,000 after purchasing an additional 129 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at approximately $28,000. Brown Brothers Harriman & Co. acquired a new position in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $34,000. Finally, Hantz Financial Services Inc. grew its position in shares of Simpson Manufacturing by 98.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company's stock valued at $49,000 after purchasing an additional 144 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SSD has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on Simpson Manufacturing to $216.00 and set an "outperform" rating for the company in a research report on Tuesday, April 21st. Weiss Ratings lowered Simpson Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 2nd. DA Davidson boosted their price objective on Simpson Manufacturing from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Wednesday, February 11th. Stifel Nicolaus initiated coverage on Simpson Manufacturing in a research report on Monday, April 20th. They issued a "buy" rating and a $205.00 price objective for the company. Finally, Stephens set a $200.00 price objective on Simpson Manufacturing in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Simpson Manufacturing presently has an average rating of "Moderate Buy" and an average price target of $205.25.

Simpson Manufacturing Trading Up 0.3%

NYSE SSD opened at $182.09 on Monday. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of 22.07 and a beta of 1.37. The stock's 50 day moving average price is $181.41 and its two-hundred day moving average price is $176.74. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.99 and a current ratio of 3.54. Simpson Manufacturing Company, Inc. has a 52 week low of $149.79 and a 52 week high of $211.98.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, February 9th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. The firm had revenue of $539.35 million for the quarter, compared to analysts' expectations of $530.70 million. Simpson Manufacturing had a return on equity of 17.63% and a net margin of 14.79%.The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.31 EPS. As a group, analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.98 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were paid a $0.29 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Simpson Manufacturing's payout ratio is presently 14.06%.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.

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