Simpson Manufacturing Company, Inc. (NYSE:SSD) Shares Purchased by Alps Advisors Inc.

Alps Advisors Inc. increased its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,281 shares of the construction company’s stock after purchasing an additional 1,464 shares during the quarter. Alps Advisors Inc.’s holdings in Simpson Manufacturing were worth $3,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP acquired a new position in Simpson Manufacturing during the 4th quarter worth $28,000. Investment Management Corp VA ADV acquired a new position in Simpson Manufacturing during the 4th quarter worth $28,000. Harbor Capital Advisors Inc. acquired a new position in Simpson Manufacturing during the 1st quarter worth $45,000. Blue Trust Inc. grew its stake in Simpson Manufacturing by 1,070.0% during the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after purchasing an additional 321 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its stake in Simpson Manufacturing by 1,542.3% during the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company’s stock worth $71,000 after purchasing an additional 401 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Down 0.6%

Shares of NYSE SSD opened at $167.01 on Friday. The company has a market capitalization of $6.99 billion, a price-to-earnings ratio of 21.75 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. The business has a 50-day moving average of $158.56 and a two-hundred day moving average of $159.85. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. Simpson Manufacturing’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.77 EPS. On average, analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.69%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing’s payout ratio is 15.10%.

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.