Quantbot Technologies LP Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Quantbot Technologies LP purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,921 shares of the construction company’s stock, valued at approximately $2,089,000.

Several other institutional investors have also modified their holdings of SSD. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing in the third quarter valued at $34,000. Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth about $37,000. Huntington National Bank lifted its holdings in shares of Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after purchasing an additional 142 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after purchasing an additional 184 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Simpson Manufacturing during the 2nd quarter worth approximately $77,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Down 0.6 %

Shares of Simpson Manufacturing stock opened at $186.77 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The company has a market capitalization of $7.87 billion, a P/E ratio of 24.67 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38. The company’s fifty day moving average is $186.72 and its two-hundred day moving average is $178.64.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period in the prior year, the business earned $2.43 EPS. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current 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 issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird boosted their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

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.