PEAK6 Investments LLC Invests $909,000 in Simpson Manufacturing Co., Inc. (NYSE:SSD)

PEAK6 Investments LLC acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 4,754 shares of the construction company’s stock, valued at approximately $909,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SSD. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Simpson Manufacturing during the third quarter valued at approximately $2,678,000. Glenmede Trust Co. NA raised its position in shares of Simpson Manufacturing by 12.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,239 shares of the construction company’s stock valued at $2,150,000 after buying an additional 1,208 shares in the last quarter. Townsquare Capital LLC lifted its holdings in shares of Simpson Manufacturing by 2.4% during the 3rd quarter. Townsquare Capital LLC now owns 7,092 shares of the construction company’s stock worth $1,356,000 after acquiring an additional 167 shares during the last quarter. BNP Paribas Financial Markets grew its position in Simpson Manufacturing by 73.6% in the third quarter. BNP Paribas Financial Markets now owns 12,999 shares of the construction company’s stock worth $2,486,000 after acquiring an additional 5,512 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in Simpson Manufacturing in the third quarter valued at $2,089,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Down 1.4 %

Shares of NYSE SSD opened at $185.83 on Tuesday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 24.55 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38. The firm’s 50 day simple moving average is $186.53 and its two-hundred day simple moving average is $178.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 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 business had revenue of $587.15 million during the quarter, compared to analysts’ expectations of $589.00 million. During the same quarter in the previous year, the business earned $2.43 EPS. Simpson Manufacturing’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

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 0.60%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

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 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.