Quest Partners LLC Buys New Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Quest Partners LLC purchased a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 3rd quarter, HoldingsChannel reports. The firm purchased 686 shares of the construction company’s stock, valued at approximately $131,000.

A number of other hedge funds also recently bought and sold shares of the stock. Thrivent Financial for Lutherans grew its holdings in Simpson Manufacturing by 1.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 243,494 shares of the construction company’s stock worth $46,573,000 after acquiring an additional 3,136 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of Simpson Manufacturing by 18.5% during the third quarter. Natixis Advisors LLC now owns 19,860 shares of the construction company’s stock worth $3,799,000 after purchasing an additional 3,095 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new position in Simpson Manufacturing in the third quarter valued at $2,053,000. OneDigital Investment Advisors LLC raised its stake in Simpson Manufacturing by 5.0% in the third quarter. OneDigital Investment Advisors LLC now owns 8,689 shares of the construction company’s stock valued at $1,662,000 after buying an additional 414 shares in the last quarter. Finally, ING Groep NV purchased a new stake in Simpson Manufacturing during the 3rd quarter worth about $3,825,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird upped 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 Price Performance

Shares of SSD opened at $186.77 on Friday. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 24.67 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $157.42 and a fifty-two week high of $218.38. The firm has a 50-day simple moving average of $186.72 and a 200-day simple moving average of $178.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS 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 firm had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same quarter in the previous year, the company posted $2.43 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

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

Simpson Manufacturing Company 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.