Quantinno Capital Management LP Acquires 265,187 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Quantinno Capital Management LP lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 5,137.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,349 shares of the construction company's stock after buying an additional 265,187 shares during the period. Simpson Manufacturing makes up 0.4% of Quantinno Capital Management LP's portfolio, making the stock its 27th biggest position. Quantinno Capital Management LP owned about 0.64% of Simpson Manufacturing worth $44,832,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Simpson Manufacturing by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock valued at $697,294,000 after buying an additional 31,164 shares during the last quarter. 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 valued at $232,148,000 after buying 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 valued at $117,804,000 after buying an additional 2,502 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Simpson Manufacturing by 90.4% during the fourth quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company's stock valued at $96,405,000 after buying an additional 275,989 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Simpson Manufacturing by 21.2% during the fourth quarter. Northern Trust Corp now owns 551,986 shares of the construction company's stock valued at $91,536,000 after buying an additional 96,559 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company's stock, valued at $1,497,523.80. The trade was a 10.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE:SSD traded up $0.77 on Friday, hitting $163.91. The stock had a trading volume of 263,970 shares, compared to its average volume of 272,175. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 21.57 and a beta of 1.34. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The business's 50-day simple moving average is $154.04 and its two-hundred day simple moving average is $166.46. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $538.90 million for the quarter, compared to analysts' expectations of $531.81 million. During the same period last year, the firm posted $1.77 earnings per share. The business's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, research analysts predict 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. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.29 per share. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's payout ratio is presently 15.10%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Robert W. Baird dropped their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson dropped their target price on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th.

Simpson Manufacturing 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.