Wellington Management Group LLP Raises Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Wellington Management Group LLP lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 35.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,197 shares of the construction company's stock after buying an additional 21,818 shares during the period. Wellington Management Group LLP owned about 0.20% of Simpson Manufacturing worth $13,962,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. New York Life Investment Management LLC acquired a new position in Simpson Manufacturing during the fourth quarter valued at approximately $738,000. Van ECK Associates Corp raised its stake in shares of Simpson Manufacturing by 29.3% during the 4th quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock worth $5,979,000 after purchasing an additional 8,170 shares in the last quarter. Financial Advocates Investment Management acquired a new stake in shares of Simpson Manufacturing in the 4th quarter valued at approximately $401,000. KBC Group NV boosted its holdings in shares of Simpson Manufacturing by 54.7% in the 4th quarter. KBC Group NV now owns 1,866 shares of the construction company's stock valued at $309,000 after buying an additional 660 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Simpson Manufacturing by 15.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 287,422 shares of the construction company's stock valued at $47,255,000 after buying an additional 38,505 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on SSD shares. Robert W. Baird cut their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research note on Tuesday, February 11th. 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.

Simpson Manufacturing Price Performance

SSD stock traded up $0.33 during midday trading on Thursday, reaching $159.34. The company had a trading volume of 177,219 shares, compared to its average volume of 271,369. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 20.97 and a beta of 1.30. The stock has a 50 day moving average price of $153.78 and a 200-day moving average price of $163.96. Simpson Manufacturing Co., Inc. has a 1-year low of $137.35 and a 1-year high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. During the same quarter in the prior year, the firm posted $1.77 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year. Equities research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share 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 issued a dividend of $0.29 per share. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's payout ratio is currently 15.10%.

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.