Dimensional Fund Advisors LP lessened its stake in Simpson Manufacturing Co, Inc. (NYSE:SSD) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,700,983 shares of the construction company’s stock after selling 87,254 shares during the quarter. Dimensional Fund Advisors LP owned about 3.70% of Simpson Manufacturing worth $123,253,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of SSD. Janney Montgomery Scott LLC purchased a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $636,000. Alps Advisors Inc. purchased a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $585,000. TD Asset Management Inc. increased its holdings in shares of Simpson Manufacturing by 479.4% in the 2nd quarter. TD Asset Management Inc. now owns 74,749 shares of the construction company’s stock valued at $4,649,000 after acquiring an additional 61,849 shares during the period. First Trust Advisors LP increased its holdings in shares of Simpson Manufacturing by 361.4% in the 2nd quarter. First Trust Advisors LP now owns 65,623 shares of the construction company’s stock valued at $4,081,000 after acquiring an additional 51,399 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Simpson Manufacturing by 54.1% in the 2nd quarter. Victory Capital Management Inc. now owns 546,939 shares of the construction company’s stock valued at $34,014,000 after acquiring an additional 192,024 shares during the period. Hedge funds and other institutional investors own 88.81% of the company’s stock.
Shares of SSD stock opened at $55.23 on Friday. Simpson Manufacturing Co, Inc. has a 1-year low of $53.15 and a 1-year high of $78.36. The firm has a market cap of $2.59 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 3.67 and a beta of 1.74.
Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 29th. The construction company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.05. Simpson Manufacturing had a return on equity of 14.43% and a net margin of 11.88%. The firm had revenue of $284.18 million for the quarter, compared to the consensus estimate of $296.80 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, analysts predict that Simpson Manufacturing Co, Inc. will post 3.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Thursday, January 3rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 2nd. This represents a $0.88 annualized dividend and a yield of 1.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is 44.44%.
A number of research analysts have recently issued reports on SSD shares. Zacks Investment Research downgraded Simpson Manufacturing from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Robert W. Baird downgraded Simpson Manufacturing from an “outperform” rating to a “neutral” rating and cut their price target for the company from $75.00 to $72.00 in a report on Monday, October 15th. ValuEngine downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Sidoti boosted their target price on Simpson Manufacturing from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Simpson Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $74.00.
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Simpson Manufacturing Profile
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.
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