Quantinno Capital Management LP Buys 265,187 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Quantinno Capital Management LP increased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5,137.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 270,349 shares of the construction company’s stock after purchasing an additional 265,187 shares during the quarter. Simpson Manufacturing makes up 0.4% of Quantinno Capital Management LP’s holdings, making the stock its 27th largest position. Quantinno Capital Management LP owned about 0.64% of Simpson Manufacturing worth $44,832,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. CIBC Asset Management Inc boosted its stake in shares of Simpson Manufacturing by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock valued at $216,000 after buying an additional 64 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Simpson Manufacturing by 2.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company’s stock worth $447,000 after purchasing an additional 70 shares during the period. Pacer Advisors Inc. increased its stake in shares of Simpson Manufacturing by 1.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock valued at $1,042,000 after buying an additional 88 shares during the period. V Square Quantitative Management LLC raised its holdings in Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after buying an additional 97 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now owns 8,810 shares in the company, valued at $1,497,523.80. This trade represents a 10.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SSD. Robert W. Baird cut their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a report on Tuesday, February 11th. DA Davidson decreased their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th.

Simpson Manufacturing Stock Up 0.8%

Shares of NYSE:SSD opened at $165.67 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The firm has a market capitalization of $6.95 billion, a PE ratio of 21.80 and a beta of 1.34. The firm has a fifty day moving average of $154.00 and a 200 day moving average of $166.76. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. The company had revenue of $538.90 million for the quarter, compared to analysts’ expectations of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Simpson Manufacturing’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $1.77 earnings per share. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be issued a $0.29 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing’s payout ratio is presently 15.10%.

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.