Edgestream Partners L.P. Invests $3.36 Million in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Edgestream Partners L.P. acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,557 shares of the construction company’s stock, valued at approximately $3,358,000.

Other large investors also recently added to or reduced their stakes in the company. Champlain Investment Partners LLC bought a new stake in Simpson Manufacturing during the third quarter valued at $16,060,000. US Bancorp DE boosted its stake in Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after buying an additional 352 shares during the period. International Assets Investment Management LLC lifted its stake in Simpson Manufacturing by 8,883.3% during the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after purchasing an additional 5,863 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Simpson Manufacturing by 336.6% during the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock worth $37,838,000 after purchasing an additional 173,097 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after purchasing an additional 6,585 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st.

Simpson Manufacturing Trading Up 0.9 %

Shares of SSD stock opened at $188.40 on Monday. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $186.53 and a two-hundred day moving average price of $178.81. Simpson Manufacturing Co., Inc. has a 12-month low of $157.42 and a 12-month high of $218.38. The firm has a market cap of $7.94 billion, a P/E ratio of 24.89 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $2.43 EPS. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.59%. Simpson Manufacturing’s dividend payout ratio is currently 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.