State of Wyoming Takes $1.53 Million Position in Simpson Manufacturing Company, Inc. $SSD

State of Wyoming acquired a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 7,331 shares of the construction company’s stock, valued at approximately $1,535,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Candriam S.C.A. bought a new position in Simpson Manufacturing during the 1st quarter worth about $7,133,000. Cooke & Bieler LP lifted its holdings in shares of Simpson Manufacturing by 77.9% in the fourth quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company’s stock valued at $20,940,000 after purchasing an additional 56,769 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Simpson Manufacturing in the first quarter valued at about $4,424,000. Comerica Bank boosted its position in shares of Simpson Manufacturing by 21.6% during the fourth quarter. Comerica Bank now owns 123,375 shares of the construction company’s stock worth $19,921,000 after buying an additional 21,889 shares during the period. Finally, Brown Advisory Inc. boosted its position in shares of Simpson Manufacturing by 67.0% during the fourth quarter. Brown Advisory Inc. now owns 327,606 shares of the construction company’s stock worth $52,899,000 after buying an additional 131,381 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird lifted 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. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Stifel Nicolaus raised their price target on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Stephens lifted their price objective on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a report on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.25.

Simpson Manufacturing Trading Down 1.0%

Simpson Manufacturing stock opened at $193.40 on Friday. The firm has a 50-day moving average of $194.59 and a 200-day moving average of $188.12. 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 current ratio of 3.29 and a quick ratio of 2.14. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 21.14 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 the consensus estimate of $2.72 by $0.37. The company had revenue of $671.08 million during the quarter, compared to analysts’ expectations of $658.76 million. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.Simpson Manufacturing’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.47 EPS. On average, equities analysts expect that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.20 annualized dividend and a yield of 0.6%. 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.