Quest Partners LLC Acquires New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Quest Partners LLC bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 686 shares of the construction company’s stock, valued at approximately $131,000.

A number of other hedge funds have also bought and sold shares of the stock. Thrivent Financial for Lutherans raised its stake in shares of Simpson Manufacturing by 1.3% in the third quarter. Thrivent Financial for Lutherans now owns 243,494 shares of the construction company’s stock worth $46,573,000 after purchasing an additional 3,136 shares during the last quarter. Natixis Advisors LLC raised its position in Simpson Manufacturing by 18.5% during the 3rd quarter. Natixis Advisors LLC now owns 19,860 shares of the construction company’s stock worth $3,799,000 after buying an additional 3,095 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in Simpson Manufacturing during the 3rd quarter valued at approximately $2,053,000. OneDigital Investment Advisors LLC boosted its holdings in shares of Simpson Manufacturing by 5.0% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 8,689 shares of the construction company’s stock valued at $1,662,000 after acquiring an additional 414 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Simpson Manufacturing in the third quarter worth $3,825,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Down 0.6 %

SSD stock opened at $186.77 on Friday. Simpson Manufacturing Co., Inc. has a 12-month low of $157.42 and a 12-month high of $218.38. The business’s 50-day moving average is $186.72 and its 200 day moving average is $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. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 24.67 and a beta of 1.32.

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). The business had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. Simpson Manufacturing’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $2.43 earnings per share. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company 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 dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is presently 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird upped their target price 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.