Intech Investment Management LLC Has $1.91 Million Stock Position in Simpson Manufacturing Company, Inc. $SSD

Intech Investment Management LLC boosted its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 25.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,315 shares of the construction company’s stock after purchasing an additional 2,476 shares during the quarter. Intech Investment Management LLC’s holdings in Simpson Manufacturing were worth $1,913,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in shares of Simpson Manufacturing during the 2nd quarter worth about $31,000. CWM LLC grew its position in Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after buying an additional 93 shares in the last quarter. Steph & Co. bought a new position in Simpson Manufacturing during the second quarter valued at about $53,000. Putney Financial Group LLC raised its holdings in Simpson Manufacturing by 238.4% in the 2nd quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock valued at $59,000 after acquiring an additional 267 shares in the last quarter. Finally, Sprucegrove Investment Management Ltd. bought a new stake in shares of Simpson Manufacturing in the 2nd quarter worth approximately $62,000. 93.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SSD has been the topic of a number of research reports. Robert W. Baird boosted their price objective on Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. Finally, DA Davidson restated a “neutral” rating and issued a $190.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $201.00.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $196.13, for a total transaction of $196,130.00. Following the sale, the executive vice president directly owned 7,810 shares of the company’s stock, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $162.52 on Friday. The stock’s fifty day simple moving average is $172.10 and its 200 day simple moving average is $170.64. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 19.79 and a beta of 1.27. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.80.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.21. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The company had revenue of $623.51 million during the quarter, compared to analysts’ expectations of $607.79 million. During the same period last year, the business earned $2.21 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. On average, analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company 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 $0.29 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing’s payout ratio is 14.13%.

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.