Cerity Partners LLC Grows Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Cerity Partners LLC lifted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 61.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,750 shares of the construction company’s stock after purchasing an additional 8,616 shares during the period. Cerity Partners LLC owned 0.05% of Simpson Manufacturing worth $4,351,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SSD. Champlain Investment Partners LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at $16,060,000. Citigroup Inc. grew its holdings in shares of Simpson Manufacturing by 4.0% in the third quarter. Citigroup Inc. now owns 46,119 shares of the construction company’s stock valued at $8,821,000 after purchasing an additional 1,783 shares during the period. Raymond James Trust N.A. increased its position in Simpson Manufacturing by 17.6% during the third quarter. Raymond James Trust N.A. now owns 4,950 shares of the construction company’s stock worth $947,000 after purchasing an additional 742 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after purchasing an additional 6,585 shares during the period. Finally, Moran Wealth Management LLC boosted its holdings in Simpson Manufacturing by 0.8% in the 3rd quarter. Moran Wealth Management LLC now owns 29,827 shares of the construction company’s stock valued at $5,705,000 after purchasing an additional 228 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $186.77 on Friday. The stock has a market cap of $7.87 billion, a PE ratio of 24.67 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38. The stock has a fifty day simple moving average of $186.72 and a 200-day simple moving average of $178.64. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD) last announced 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 company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the prior year, the business earned $2.43 earnings per share. Simpson Manufacturing’s revenue was up 1.2% on a year-over-year basis. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Analysts Set New Price Targets

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