MQS Management LLC Invests $659,000 in Simpson Manufacturing Company, Inc. $SSD

MQS Management LLC acquired a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,084 shares of the construction company’s stock, valued at approximately $659,000.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after purchasing an additional 92 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Simpson Manufacturing by 322.5% during the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after acquiring an additional 129 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Simpson Manufacturing during the fourth quarter worth $28,000. Brown Brothers Harriman & Co. bought a new stake in Simpson Manufacturing during the third quarter worth $34,000. Finally, Hantz Financial Services Inc. raised its position in Simpson Manufacturing by 98.0% during the third quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock worth $49,000 after acquiring an additional 144 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SSD. DA Davidson upped their price target on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Robert W. Baird upped their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Stifel Nicolaus upped their price target on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Finally, Stephens upped their price target on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.75.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $185.26 on Friday. The firm has a market capitalization of $7.62 billion, a P/E ratio of 21.72 and a beta of 1.34. The firm’s fifty day moving average price is $178.78 and its two-hundred day moving average price is $178.28. Simpson Manufacturing Company, Inc. has a 1 year low of $151.38 and a 1 year high of $211.98. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.29. The company had revenue of $587.96 million for the quarter, compared to analyst estimates of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 earnings per share. As a group, research analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.18 EPS for the current year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. Simpson Manufacturing’s payout ratio is currently 13.60%.

About Simpson Manufacturing

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.