Vise Technologies Inc. Purchases Shares of 3,999 Simpson Manufacturing Company, Inc. $SSD

Vise Technologies Inc. acquired a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,999 shares of the construction company’s stock, valued at approximately $837,000.

A number of other hedge funds have also modified their holdings of SSD. BlackRock Inc. purchased a new stake in shares of Simpson Manufacturing during the second quarter valued at $862,138,000. Bank of Montreal Can increased its stake in Simpson Manufacturing by 11,044.7% in the 4th quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock worth $109,556,000 after purchasing an additional 672,402 shares in the last quarter. Norges Bank acquired a new stake in Simpson Manufacturing during the 4th quarter worth about $85,140,000. Victory Capital Management Inc. raised its holdings in Simpson Manufacturing by 6,234.7% during the 4th quarter. Victory Capital Management Inc. now owns 397,947 shares of the construction company’s stock worth $64,257,000 after buying an additional 391,665 shares during the period. Finally, Capital International Investors raised its holdings in Simpson Manufacturing by 93.7% during the 4th quarter. Capital International Investors now owns 663,195 shares of the construction company’s stock worth $107,086,000 after buying an additional 320,870 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Down 0.1%

NYSE SSD opened at $188.66 on Monday. The firm’s fifty day simple moving average is $194.66 and its 200-day simple moving average is $188.61. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. Simpson Manufacturing Company, Inc. has a 1-year low of $156.32 and a 1-year high of $213.49. The company has a market capitalization of $7.76 billion, a PE ratio of 20.62 and a beta of 1.31.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.The company had revenue of $671.08 million for the quarter, compared to analyst estimates of $658.76 million. During the same period in the prior year, the firm posted $2.47 EPS. The business’s revenue was up 6.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 1st. Simpson Manufacturing’s payout ratio is presently 13.11%.

Analysts Set New Price Targets

Several research firms have recently weighed in on SSD. Stifel Nicolaus lifted their target price on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. DA Davidson raised their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Stephens lifted their price objective on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research report on Tuesday, July 28th. 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. Finally, Robert W. Baird raised their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Three 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 stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $216.25.

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.