Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 55.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,533 shares of the construction company’s stock after selling 5,707 shares during the period. Intech Investment Management LLC’s holdings in Simpson Manufacturing were worth $867,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its position in shares of Simpson Manufacturing by 76.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock worth $686,000 after acquiring an additional 1,447 shares during the last quarter. Jane Street Group LLC grew its stake in Simpson Manufacturing by 4.5% during the 1st quarter. Jane Street Group LLC now owns 63,532 shares of the construction company’s stock valued at $13,035,000 after purchasing an additional 2,744 shares in the last quarter. Tidal Investments LLC increased its holdings in Simpson Manufacturing by 3.0% during the 1st quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after purchasing an additional 109 shares during the last quarter. Virtu Financial LLC raised its position in shares of Simpson Manufacturing by 12.7% in the 1st quarter. Virtu Financial LLC now owns 4,024 shares of the construction company’s stock valued at $826,000 after purchasing an additional 452 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in shares of Simpson Manufacturing by 50.8% during the 1st quarter. HM Payson & Co. now owns 1,347 shares of the construction company’s stock valued at $276,000 after buying an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

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

Simpson Manufacturing Stock Down 0.6 %

Shares of Simpson Manufacturing stock opened at $186.77 on Friday. The business has a 50-day moving average price of $186.72 and a 200 day moving average price of $178.64. Simpson Manufacturing Co., Inc. has a fifty-two week low of $157.42 and a fifty-two week high of $218.38. The firm has a market cap of $7.87 billion, a P/E ratio of 24.67 and a beta of 1.32. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

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

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.60%. Simpson Manufacturing’s payout ratio is currently 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.