Geode Capital Management LLC raised its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 312,695 shares of the construction company’s stock after buying an additional 10,437 shares during the period. Geode Capital Management LLC owned about 0.66% of Simpson Manufacturing worth $13,473,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of SSD. FMR LLC raised its position in shares of Simpson Manufacturing by 9.5% in the fourth quarter. FMR LLC now owns 639,934 shares of the construction company’s stock valued at $27,997,000 after buying an additional 55,500 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Simpson Manufacturing by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 121,039 shares of the construction company’s stock valued at $5,295,000 after buying an additional 7,539 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Simpson Manufacturing by 9.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,462 shares of the construction company’s stock valued at $282,000 after buying an additional 563 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Simpson Manufacturing by 349.0% in the fourth quarter. Guggenheim Capital LLC now owns 22,244 shares of the construction company’s stock valued at $973,000 after buying an additional 17,290 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Simpson Manufacturing by 23.2% in the fourth quarter. AQR Capital Management LLC now owns 18,842 shares of the construction company’s stock valued at $824,000 after buying an additional 3,546 shares during the last quarter. 83.62% of the stock is owned by institutional investors.
Simpson Manufacturing Company, Inc. (NYSE:SSD) opened at 44.50 on Monday. The stock’s 50 day moving average price is $43.03 and its 200 day moving average price is $42.71. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 22.24 and a beta of 1.40. Simpson Manufacturing Company, Inc. has a one year low of $39.45 and a one year high of $48.41.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Thursday, April 27th. The construction company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.05. The firm had revenue of $219.87 million for the quarter, compared to analysts’ expectations of $210.66 million. Simpson Manufacturing had a net margin of 10.95% and a return on equity of 10.08%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.34 EPS. Equities analysts predict that Simpson Manufacturing Company, Inc. will post $2.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.89%. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.18. The ex-dividend date is Monday, July 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 42.00%.
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Several research analysts have recently commented on SSD shares. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Saturday, April 1st. BidaskClub raised Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.
In related news, major shareholder Sharon H. Simpson sold 106,776 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $43.90, for a total transaction of $4,687,466.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Psb Fund Simpson sold 33,581 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $43.62, for a total value of $1,464,803.22. Following the sale, the insider now directly owns 1,399,180 shares of the company’s stock, valued at $61,032,231.60. The disclosure for this sale can be found here. Insiders sold a total of 350,999 shares of company stock valued at $15,341,008 over the last ninety days. Corporate insiders own 0.36% of the company’s stock.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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