Geode Capital Management LLC Acquires 7,351 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Geode Capital Management LLC boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.0% during the third quarter, Holdings Channel reports. The firm owned 707,664 shares of the construction company’s stock after acquiring an additional 7,351 shares during the quarter. Geode Capital Management LLC’s holdings in Simpson Manufacturing were worth $135,390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Champlain Investment Partners LLC bought a new position in shares of Simpson Manufacturing during the third quarter valued at approximately $16,060,000. US Bancorp DE raised its holdings in Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after purchasing an additional 352 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after purchasing an additional 5,863 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Simpson Manufacturing by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after purchasing an additional 6,585 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Simpson Manufacturing by 336.6% during the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after buying an additional 173,097 shares during the period. Institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

SSD opened at $184.16 on Tuesday. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 24.33 and a beta of 1.32. The stock has a fifty day simple moving average of $185.22 and a two-hundred day simple moving average of $179.98. Simpson Manufacturing Co., Inc. has a 12-month low of $157.42 and a 12-month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 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 the consensus estimate of $589.00 million. During the same period in the previous year, the firm earned $2.43 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.61%. Simpson Manufacturing’s payout ratio is currently 14.80%.

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.