72,000 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Voloridge Investment Management LLC

Voloridge Investment Management LLC bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 72,000 shares of the construction company's stock, valued at approximately $11,940,000. Voloridge Investment Management LLC owned about 0.17% of Simpson Manufacturing as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SSD. CIBC Asset Management Inc increased its position in shares of Simpson Manufacturing by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock valued at $216,000 after acquiring an additional 64 shares during the period. CIBC Private Wealth Group LLC grew its stake in shares of Simpson Manufacturing by 2.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after purchasing an additional 70 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Simpson Manufacturing by 1.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock valued at $1,042,000 after purchasing an additional 88 shares during the period. V Square Quantitative Management LLC increased 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 purchasing an additional 95 shares during the period. Finally, UMB Bank n.a. increased its holdings in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after purchasing an additional 97 shares during the period. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Down 0.2%

Shares of SSD stock traded down $0.37 during midday trading on Friday, reaching $155.89. 59,838 shares of the stock were exchanged, compared to its average volume of 271,317. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The firm has a market cap of $6.52 billion, a PE ratio of 20.53 and a beta of 1.34. The company's 50 day moving average is $153.87 and its two-hundred day moving average is $164.80. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.14. The business 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 18.00% and a net margin of 14.44%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.77 earnings per share. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The firm 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 annualized dividend and a yield of 0.74%. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's payout ratio is presently 15.10%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SSD. Robert W. Baird reduced their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th. 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 note 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.