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

Wellington Management Group LLP increased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 35.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Simpson Manufacturing by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock worth $697,294,000 after purchasing an additional 31,164 shares during the period. Baker Avenue Asset Management LP boosted its position in shares of Simpson Manufacturing by 4.6% during the fourth quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company's stock worth $232,148,000 after acquiring an additional 62,165 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Simpson Manufacturing by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock worth $117,804,000 after acquiring an additional 2,502 shares during the last quarter. Burgundy Asset Management Ltd. grew its stake in Simpson Manufacturing by 1.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company's stock valued at $104,545,000 after acquiring an additional 10,940 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Simpson Manufacturing by 90.4% in the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock valued at $96,405,000 after acquiring an additional 275,989 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

Shares of NYSE SSD traded up $3.30 during mid-day trading on Tuesday, hitting $158.59. 195,390 shares of the company's stock traded hands, compared to its average volume of 271,676. 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 Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The company's 50-day moving average is $153.70 and its two-hundred day moving average is $164.17. The company has a market capitalization of $6.63 billion, a P/E ratio of 20.87 and a beta of 1.34.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.71 by $0.14. The business had revenue of $538.90 million for 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 company's quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.77 earnings per share. On average, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.73%. 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 presently 15.10%.

Analyst Ratings Changes

Several research analysts have commented on the stock. DA Davidson dropped their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Robert W. Baird cut their target price 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.

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.