Charles Schwab Investment Management Inc. Has $93.17 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Charles Schwab Investment Management Inc. grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 487,118 shares of the construction company’s stock after purchasing an additional 6,585 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.16% of Simpson Manufacturing worth $93,171,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Moran Wealth Management LLC grew its holdings in Simpson Manufacturing by 0.8% in the 3rd quarter. Moran Wealth Management LLC now owns 29,827 shares of the construction company’s stock valued at $5,705,000 after buying an additional 228 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Simpson Manufacturing in the third quarter valued at approximately $37,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Simpson Manufacturing in the third quarter worth $2,061,000. Pathstone Holdings LLC increased its position in Simpson Manufacturing by 2.5% during the third quarter. Pathstone Holdings LLC now owns 20,252 shares of the construction company’s stock worth $3,874,000 after acquiring an additional 498 shares during the period. Finally, Quest Partners LLC acquired a new position in Simpson Manufacturing during the 3rd quarter valued at $131,000. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $187.87 on Wednesday. Simpson Manufacturing Co., Inc. has a 12 month low of $157.42 and a 12 month high of $218.38. The company has a market capitalization of $7.92 billion, a P/E ratio of 24.82 and a beta of 1.32. The stock has a 50 day moving average of $186.65 and a two-hundred day moving average of $178.50. 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 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). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the prior year, the firm earned $2.43 EPS. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

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

Analyst Ratings Changes

Separately, Robert W. Baird raised their price target on shares of 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 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.