Quantinno Capital Management LP Purchases 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 fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 270,349 shares of the construction company's stock after acquiring an additional 265,187 shares during the quarter. Simpson Manufacturing accounts for about 0.4% of Quantinno Capital Management LP's investment portfolio, making the stock its 27th biggest position. Quantinno Capital Management LP owned approximately 0.64% of Simpson Manufacturing worth $44,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York Life Investment Management LLC bought a new stake in Simpson Manufacturing in the fourth quarter valued at about $738,000. Van ECK Associates Corp increased its holdings in Simpson Manufacturing by 29.3% in the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock valued at $5,979,000 after buying an additional 8,170 shares during the last quarter. Financial Advocates Investment Management bought a new stake in Simpson Manufacturing in the fourth quarter valued at about $401,000. KBC Group NV increased its holdings in Simpson Manufacturing by 54.7% in the fourth 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 increased its holdings in 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 during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Price Performance

NYSE:SSD traded down $0.35 during mid-day trading on Monday, hitting $163.58. The company's stock had a trading volume of 139,293 shares, compared to its average volume of 259,245. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $6.84 billion, a price-to-earnings ratio of 21.52 and a beta of 1.34. The stock has a fifty day moving average of $154.04 and a 200-day moving average of $166.26.

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 for the quarter, topping the consensus estimate of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. The company's revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $1.77 earnings per share. As a group, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.71%. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's payout ratio is presently 15.10%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SSD shares. DA Davidson decreased their target price 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. Robert W. Baird dropped their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a report on Tuesday, February 11th.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the company's 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 sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.42% of the company's stock.

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.