State of Wyoming Acquires Shares of 7,331 Simpson Manufacturing Company, Inc. $SSD

State of Wyoming bought a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,331 shares of the construction company’s stock, valued at approximately $1,535,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SSD. ValueAct Holdings L.P. boosted its position in shares of Simpson Manufacturing by 21.9% in the 4th quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock worth $237,707,000 after purchasing an additional 264,200 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Simpson Manufacturing by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock valued at $141,826,000 after purchasing an additional 31,744 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Simpson Manufacturing by 0.5% in the first quarter. Quantinno Capital Management LP now owns 857,918 shares of the construction company’s stock valued at $147,236,000 after purchasing an additional 4,168 shares during the last quarter. Geode Capital Management LLC lifted its stake in Simpson Manufacturing by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock valued at $123,603,000 after buying an additional 6,869 shares during the period. Finally, Bank of Montreal Can lifted its stake in Simpson Manufacturing by 11,044.7% in the fourth quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after buying an additional 672,402 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $193.40 on Friday. The stock’s fifty day simple moving average is $194.59 and its 200 day simple moving average is $188.12. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $7.96 billion, a PE ratio of 21.14 and a beta of 1.31. Simpson Manufacturing Company, Inc. has a 12 month low of $156.32 and a 12 month high of $213.49.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.The firm had revenue of $671.08 million during the quarter, compared to analysts’ expectations of $658.76 million. During the same period in the previous year, the firm earned $2.47 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that Simpson Manufacturing Company, Inc. will post 9.09 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 1st. Simpson Manufacturing’s payout ratio is 13.11%.

Analyst Ratings Changes

Several research firms have recently issued reports on SSD. Stephens boosted their target price on Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research report on Tuesday, July 28th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Stifel Nicolaus lifted their price objective on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Finally, Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $216.25.

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.