World Investment Advisors LLC Makes New Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

World Investment Advisors LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,757 shares of the construction company’s stock, valued at approximately $30,000.

Several other institutional investors have also recently modified their holdings of the company. Champlain Investment Partners LLC acquired a new position in Simpson Manufacturing in the 3rd quarter worth approximately $16,060,000. US Bancorp DE boosted its holdings in shares of Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after acquiring an additional 352 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Simpson Manufacturing by 8,883.3% in the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after acquiring an additional 5,863 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in 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 purchasing an additional 173,097 shares during the period. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Down 1.8 %

Shares of NYSE:SSD opened at $168.66 on Friday. 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 Co., Inc. has a 12-month low of $157.42 and a 12-month high of $218.38. The business has a 50 day moving average of $184.08 and a two-hundred day moving average of $179.92. The company has a market capitalization of $7.11 billion, a PE ratio of 22.28 and a beta of 1.32.

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

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Analysts Set New Price Targets

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

Insider Activity at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Company 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.