Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by Glenmede Trust Co. NA

Glenmede Trust Co. NA increased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,239 shares of the construction company’s stock after purchasing an additional 1,208 shares during the period. Glenmede Trust Co. NA’s holdings in Simpson Manufacturing were worth $2,150,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. FMR LLC boosted its stake in Simpson Manufacturing by 24.2% in the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after acquiring an additional 333,390 shares during the period. Conestoga Capital Advisors LLC boosted its stake in Simpson Manufacturing by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company’s stock valued at $271,972,000 after acquiring an additional 24,253 shares during the period. Dimensional Fund Advisors LP boosted its stake in Simpson Manufacturing by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company’s stock valued at $159,343,000 after acquiring an additional 39,803 shares during the period. Burgundy Asset Management Ltd. boosted its stake in Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company’s stock valued at $101,928,000 after acquiring an additional 8,535 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Simpson Manufacturing by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after acquiring an additional 6,585 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing Stock Performance

SSD opened at $188.40 on Monday. The business’s 50 day moving average is $186.53 and its 200-day moving average is $178.81. The stock has a market cap of $7.94 billion, a PE ratio of 24.89 and a beta of 1.32. 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 Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.59%. Simpson Manufacturing’s payout ratio 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.