Ensign Peak Advisors Inc Decreases Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Ensign Peak Advisors Inc lessened its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 19.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,066 shares of the construction company’s stock after selling 3,200 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Simpson Manufacturing were worth $2,029,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $190.00 price objective on shares of Simpson Manufacturing in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. Finally, Robert W. Baird upped their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $201.00.

Simpson Manufacturing Stock Up 1.4%

Simpson Manufacturing stock opened at $168.52 on Friday. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 20.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.80 and a current ratio of 3.35. The stock’s fifty day moving average is $170.59 and its two-hundred day moving average is $170.95.

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, topping the consensus estimate of $2.37 by $0.21. The firm had revenue of $623.51 million for 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%.The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.21 earnings per share. Analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Friday, January 2nd will be issued 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 dividend payout ratio (DPR) is currently 14.13%.

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.