Simpson Manufacturing Company, Inc. $SSD Shares Purchased by Robeco Schweiz AG

Robeco Schweiz AG raised its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 37.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,000 shares of the construction company’s stock after acquiring an additional 12,000 shares during the period. Robeco Schweiz AG owned approximately 0.11% of Simpson Manufacturing worth $6,834,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SSD. Ameritas Advisory Services LLC purchased a new stake in shares of Simpson Manufacturing in the second quarter valued at approximately $31,000. CWM LLC grew its holdings in shares of Simpson Manufacturing by 39.1% in the first quarter. CWM LLC now owns 331 shares of the construction company’s stock valued at $52,000 after purchasing an additional 93 shares during the period. Steph & Co. acquired a new stake in Simpson Manufacturing during the second quarter worth about $53,000. Putney Financial Group LLC raised its stake in Simpson Manufacturing by 238.4% during the second quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock worth $59,000 after purchasing an additional 267 shares during the period. Finally, Sprucegrove Investment Management Ltd. acquired a new position in Simpson Manufacturing in the 2nd quarter valued at about $62,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the transaction, the executive vice president owned 7,810 shares in the company, valued at approximately $1,531,775.30. This trade represents a 11.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Stock Down 1.0%

NYSE:SSD opened at $169.08 on Tuesday. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The company has a quick ratio of 1.80, a current ratio of 3.35 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average is $177.35 and its two-hundred day moving average is $170.36. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 20.59 and a beta of 1.27.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.21. The company had revenue of $623.51 million during the quarter, compared to the consensus estimate of $607.79 million. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.Simpson Manufacturing’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 EPS. Research analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, January 2nd. This represents a $1.16 annualized dividend and a yield of 0.7%. Simpson Manufacturing’s dividend payout ratio is 14.13%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SSD shares. Weiss Ratings restated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. Robert W. Baird lifted their target price on Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $190.00 price target on shares of Simpson Manufacturing in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Simpson Manufacturing has an average rating of “Hold” and a consensus target price of $201.00.

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.