Capital World Investors Buys 87,135 Shares of Simpson Manufacturing Company, Inc. $SSD

Capital World Investors lifted its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 101.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 172,813 shares of the construction company’s stock after buying an additional 87,135 shares during the period. Capital World Investors’ holdings in Simpson Manufacturing were worth $28,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in Simpson Manufacturing by 2.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the construction company’s stock worth $475,000 after acquiring an additional 58 shares during the last quarter. ProShare Advisors LLC lifted its position in Simpson Manufacturing by 3.5% in the second quarter. ProShare Advisors LLC now owns 1,856 shares of the construction company’s stock valued at $288,000 after purchasing an additional 62 shares during the last quarter. Inspire Advisors LLC boosted its stake in shares of Simpson Manufacturing by 1.2% during the second quarter. Inspire Advisors LLC now owns 5,504 shares of the construction company’s stock valued at $855,000 after purchasing an additional 63 shares during the period. Coldstream Capital Management Inc. grew its holdings in shares of Simpson Manufacturing by 4.7% in the second quarter. Coldstream Capital Management Inc. now owns 1,528 shares of the construction company’s stock worth $237,000 after purchasing an additional 69 shares during the last quarter. Finally, World Investment Advisors grew its holdings in shares of Simpson Manufacturing by 1.5% in the third quarter. World Investment Advisors now owns 5,092 shares of the construction company’s stock worth $853,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $178.10 on Friday. The business has a 50 day moving average of $187.96 and a 200 day moving average of $178.71. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $211.98. The company has a market cap of $7.37 billion, a PE ratio of 21.59 and a beta of 1.35. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, February 9th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The business had revenue of $539.35 million for the quarter, compared to the consensus estimate of $530.70 million. During the same period in the previous year, the firm earned $1.31 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. Simpson Manufacturing’s payout ratio is presently 14.06%.

Analyst Ratings Changes

A number of research firms recently commented on SSD. Robert W. Baird set a $222.00 price target on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Stephens set a $200.00 price target on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Weiss Ratings cut shares of Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. DA Davidson upped their price objective on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $207.33.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.