Quantbot Technologies LP Buys New Stake in Simpson Manufacturing Company, Inc. $SSD

Quantbot Technologies LP purchased a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,928 shares of the construction company’s stock, valued at approximately $3,544,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after purchasing an additional 92 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Simpson Manufacturing in the third quarter valued at approximately $34,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Simpson Manufacturing in the first quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Simpson Manufacturing by 33.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock worth $37,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

SSD has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Stifel Nicolaus boosted their price target on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. UBS Group restated a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. DA Davidson increased their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Hold” and a consensus price target of $216.25.

Simpson Manufacturing Stock Down 0.1%

Shares of SSD opened at $188.66 on Monday. The stock has a 50 day moving average price of $194.66 and a 200 day moving average price of $188.61. Simpson Manufacturing Company, Inc. has a one year low of $156.32 and a one year high of $213.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 3.29. The stock has a market capitalization of $7.76 billion, a price-to-earnings ratio of 20.62 and a beta of 1.31.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.The company had revenue of $671.08 million for the quarter, compared to analyst estimates of $658.76 million. During the same quarter last year, the firm posted $2.47 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 1st. Simpson Manufacturing’s dividend payout ratio is 13.11%.

Simpson Manufacturing Company Profile

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.