Callan Family Office LLC Buys New Shares in Simpson Manufacturing Company, Inc. $SSD

Callan Family Office LLC purchased a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 51,088 shares of the construction company’s stock, valued at approximately $10,695,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew 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 acquiring an additional 92 shares during the period. Los Angeles Capital Management LLC bought a new stake in Simpson Manufacturing during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. purchased a new position in Simpson Manufacturing during the third quarter valued at approximately $34,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Simpson Manufacturing during the first quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Simpson Manufacturing by 33.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock worth $37,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the subject of a number of analyst reports. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Stephens upped their target price on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a report on Tuesday, July 28th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. DA Davidson raised their price target on Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, UBS Group restated a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Simpson Manufacturing presently has an average rating of “Hold” and an average price target of $216.25.

Simpson Manufacturing Trading Up 0.4%

Shares of SSD opened at $188.66 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.29 and a quick ratio of 2.14. Simpson Manufacturing Company, Inc. has a 1 year low of $156.32 and a 1 year high of $213.49. The company has a 50 day simple moving average of $194.66 and a two-hundred day simple moving average of $188.55. The firm has a market cap of $7.76 billion, a P/E ratio of 20.62 and a beta of 1.31.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The firm had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. During the same quarter in the previous year, the firm earned $2.47 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. 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. Shareholders of record on Thursday, October 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 1st. Simpson Manufacturing’s payout ratio is currently 13.11%.

About Simpson Manufacturing

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.