Livforsakringsbolaget Skandia Omsesidigt Makes New $4.42 Million Investment in Simpson Manufacturing Company, Inc. $SSD

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,800 shares of the construction company’s stock, valued at approximately $4,424,000.

Several other institutional investors have also modified their holdings of SSD. Smartleaf Asset Management LLC grew its position in shares of Simpson Manufacturing by 33.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock valued at $37,000 after purchasing an additional 57 shares during the period. Apollon Wealth Management LLC lifted its stake in Simpson Manufacturing by 1.3% in the fourth quarter. Apollon Wealth Management LLC now owns 4,927 shares of the construction company’s stock valued at $796,000 after buying an additional 62 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in Simpson Manufacturing by 0.6% in the fourth quarter. SkyView Investment Advisors LLC now owns 12,268 shares of the construction company’s stock valued at $1,981,000 after buying an additional 77 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Simpson Manufacturing by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company’s stock valued at $4,236,000 after buying an additional 89 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after buying an additional 92 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD opened at $188.80 on Wednesday. The stock has a market capitalization of $7.77 billion, a P/E ratio of 22.13 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a twelve month low of $156.32 and a twelve month high of $213.49. The company has a 50 day moving average of $191.98 and a 200-day moving average of $185.47. The company has a quick ratio of 2.02, a current ratio of 3.40 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. The company had revenue of $587.96 million for the quarter, compared to the consensus estimate of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $1.85 earnings per share. As a group, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.17 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, July 2nd. Simpson Manufacturing’s payout ratio is 14.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SSD shares. Stephens raised their price objective on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. DA Davidson upped their target price on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Robert W. Baird increased their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Stifel Nicolaus lifted their price target on Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $214.75.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.