Handelsbanken Fonder AB Has $1.81 Million Holdings in Simpson Manufacturing Company, Inc. $SSD

Handelsbanken Fonder AB trimmed its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,637 shares of the construction company’s stock after selling 400 shares during the period. Handelsbanken Fonder AB’s holdings in Simpson Manufacturing were worth $1,807,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Simpson Manufacturing by 0.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,534,724 shares of the construction company’s stock valued at $712,314,000 after buying an additional 40,461 shares during the period. JPMorgan Chase & Co. raised its holdings in Simpson Manufacturing by 1.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,747,872 shares of the construction company’s stock valued at $274,556,000 after acquiring an additional 30,614 shares in the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of Simpson Manufacturing by 6.8% in the 1st quarter. Burgundy Asset Management Ltd. now owns 673,535 shares of the construction company’s stock worth $105,799,000 after acquiring an additional 43,099 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Simpson Manufacturing by 8.0% in the 1st quarter. Ameriprise Financial Inc. now owns 627,696 shares of the construction company’s stock worth $98,602,000 after acquiring an additional 46,290 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Simpson Manufacturing by 0.7% during the 1st quarter. Northern Trust Corp now owns 556,097 shares of the construction company’s stock worth $87,352,000 after purchasing an additional 4,111 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $168.52 on Thursday. 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 firm has a market cap of $6.99 billion, a PE ratio of 20.53 and a beta of 1.27. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company’s 50-day moving average price is $170.90 and its two-hundred day moving average price is $170.96.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.21. The company had revenue of $623.51 million during the quarter, compared to analyst estimates of $607.79 million. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the business posted $2.21 earnings per share. On average, equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Friday, January 2nd will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing’s payout ratio is currently 14.13%.

Analysts Set New Price Targets

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