Teachers Advisors LLC Increases Position in Simpson Manufacturing Co, Inc. (SSD)

Teachers Advisors LLC increased its stake in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 1.4% during the third quarter, HoldingsChannel.com reports. The fund owned 88,653 shares of the construction company’s stock after acquiring an additional 1,245 shares during the quarter. Teachers Advisors LLC’s holdings in Simpson Manufacturing were worth $6,424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. increased its position in Simpson Manufacturing by 56.1% during the second quarter. Sei Investments Co. now owns 2,485 shares of the construction company’s stock worth $154,000 after acquiring an additional 893 shares during the period. Ibex Investors LLC bought a new position in Simpson Manufacturing during the third quarter worth $200,000. Cubist Systematic Strategies LLC bought a new position in Simpson Manufacturing during the second quarter worth $175,000. Parametrica Management Ltd bought a new position in Simpson Manufacturing during the third quarter worth $212,000. Finally, AMP Capital Investors Ltd bought a new position in Simpson Manufacturing during the third quarter worth $218,000. 88.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of SSD stock opened at $58.40 on Wednesday. Simpson Manufacturing Co, Inc. has a 1 year low of $49.54 and a 1 year high of $78.36. The firm has a market cap of $2.68 billion, a P/E ratio of 29.49, a P/E/G ratio of 3.24 and a beta of 1.61.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 29th. The construction company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. Simpson Manufacturing had a net margin of 11.88% and a return on equity of 14.43%. The firm had revenue of $284.18 million for the quarter, compared to the consensus estimate of $296.80 million. During the same quarter in the previous year, the company earned $0.59 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. On average, analysts expect that Simpson Manufacturing Co, Inc. will post 3.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 24th. Shareholders of record on Thursday, January 3rd will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, January 2nd. This represents a $0.88 dividend on an annualized basis and a yield of 1.51%. Simpson Manufacturing’s dividend payout ratio is currently 44.44%.

A number of brokerages recently issued reports on SSD. Zacks Investment Research lowered shares of Simpson Manufacturing from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Robert W. Baird lowered shares of Simpson Manufacturing from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $72.00 in a research report on Monday, October 15th.

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Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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