Simpson Manufacturing Co., Inc. (NYSE:SSD) Stake Reduced by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 55.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,533 shares of the construction company’s stock after selling 5,707 shares during the quarter. Intech Investment Management LLC’s holdings in Simpson Manufacturing were worth $867,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Simpson Manufacturing in the 3rd quarter valued at about $34,000. Prospera Private Wealth LLC bought a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $37,000. Huntington National Bank boosted its position in shares of Simpson Manufacturing by 73.2% during the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after buying an additional 142 shares during the period. GAMMA Investing LLC boosted its position in shares of Simpson Manufacturing by 93.9% during the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after buying an additional 184 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Simpson Manufacturing in the 2nd quarter worth approximately $77,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Simpson Manufacturing Stock Down 0.6 %

Simpson Manufacturing stock opened at $186.77 on Friday. The company’s 50-day moving average price is $186.72 and its two-hundred day moving average price is $178.64. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 24.67 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. Simpson Manufacturing’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.43 EPS. On average, analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Simpson Manufacturing 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.