Vest Financial LLC acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 14,255 shares of the construction company's stock, valued at approximately $2,239,000.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Quarry LP acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $28,000. Investment Management Corp VA ADV purchased a new stake in Simpson Manufacturing in the 4th quarter valued at approximately $28,000. V Square Quantitative Management LLC grew its holdings in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after buying an additional 95 shares during the last quarter. Jones Financial Companies Lllp increased its position in Simpson Manufacturing by 1,542.3% during the fourth quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company's stock worth $71,000 after buying an additional 401 shares in the last quarter. Finally, TD Waterhouse Canada Inc. lifted its position in shares of Simpson Manufacturing by 64.3% in the fourth quarter. TD Waterhouse Canada Inc. now owns 437 shares of the construction company's stock valued at $72,000 after acquiring an additional 171 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.
Simpson Manufacturing Trading Down 2.4%
SSD stock traded down $3.81 on Wednesday, hitting $156.94. 145,063 shares of the company were exchanged, compared to its average volume of 270,872. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.64 and a beta of 1.30. The business's fifty day moving average is $154.09 and its two-hundred day moving average is $163.39. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. 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 (NYSE:SSD - Get Free Report) last issued 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 return on equity of 18.00% and a net margin of 14.44%. The firm's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.77 earnings per share. As a group, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.
Simpson Manufacturing Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's payout ratio is presently 15.10%.
Analyst Ratings Changes
Several research analysts recently weighed in on SSD shares. DA Davidson cut their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Robert W. Baird lowered their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th.
Check Out Our Latest Report on Simpson Manufacturing
Simpson Manufacturing Profile
(
Free Report)
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.
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