Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by Citigroup Inc.

Citigroup Inc. lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 46,119 shares of the construction company’s stock after acquiring an additional 1,783 shares during the period. Citigroup Inc.’s holdings in Simpson Manufacturing were worth $8,821,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SSD. Raymond James Trust N.A. grew its position in Simpson Manufacturing by 17.6% during the 3rd quarter. Raymond James Trust N.A. now owns 4,950 shares of the construction company’s stock worth $947,000 after purchasing an additional 742 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after buying an additional 6,585 shares during the last quarter. Moran Wealth Management LLC lifted its stake in shares of Simpson Manufacturing by 0.8% during the third quarter. Moran Wealth Management LLC now owns 29,827 shares of the construction company’s stock worth $5,705,000 after buying an additional 228 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter valued at $37,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Simpson Manufacturing in the 3rd quarter valued at $2,061,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $188.25 on Friday. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38. The company’s 50 day moving average is $186.55 and its 200 day moving average is $178.69. The company has a market cap of $7.94 billion, a PE ratio of 24.87 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period last year, the business earned $2.43 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.59%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

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.