Squarepoint Ops LLC Takes $6.81 Million Position in Simpson Manufacturing Company, Inc. $SSD

Squarepoint Ops LLC purchased a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,871 shares of the construction company’s stock, valued at approximately $6,814,000. Squarepoint Ops LLC owned 0.11% of Simpson Manufacturing as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Simpson Manufacturing by 135.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after purchasing an additional 92 shares during the period. Ameritas Advisory Services LLC purchased a new position in Simpson Manufacturing during the 2nd quarter valued at about $31,000. Steph & Co. bought a new stake in shares of Simpson Manufacturing during the second quarter valued at about $53,000. Putney Financial Group LLC lifted its holdings in shares of Simpson Manufacturing by 238.4% in the second quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock worth $59,000 after buying an additional 267 shares in the last quarter. Finally, Sprucegrove Investment Management Ltd. bought a new position in shares of Simpson Manufacturing in the second quarter valued at approximately $62,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Simpson Manufacturing Trading Down 1.0%

Shares of SSD opened at $169.39 on Monday. 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 cap of $7.02 billion, a price-to-earnings ratio of 20.63 and a beta of 1.36. The firm has a 50 day moving average price of $169.62 and a 200-day moving average price of $171.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.88 and a current ratio of 3.35.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly 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. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The business had revenue of $623.51 million during the quarter, compared to the consensus estimate of $607.79 million. During the same period in the previous year, the firm posted $2.21 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Friday, January 2nd will be given a dividend of $0.29 per share. 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 is presently 14.13%.

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.