Envestnet Asset Management Inc. Has $282,000 Stake in Simpson Manufacturing Co, Inc. (SSD)

Envestnet Asset Management Inc. boosted its stake in Simpson Manufacturing Co, Inc. (NYSE:SSD) by 9.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,462 shares of the construction company’s stock after buying an additional 563 shares during the period. Envestnet Asset Management Inc.’s holdings in Simpson Manufacturing Co were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SSD. Perkins Investment Management LLC boosted its position in shares of Simpson Manufacturing Co by 0.8% in the third quarter. Perkins Investment Management LLC now owns 3,187,273 shares of the construction company’s stock valued at $140,081,000 after buying an additional 26,584 shares in the last quarter. BlackRock Fund Advisors boosted its position in shares of Simpson Manufacturing Co by 4.1% in the third quarter. BlackRock Fund Advisors now owns 3,131,038 shares of the construction company’s stock valued at $137,609,000 after buying an additional 122,074 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Simpson Manufacturing Co by 4.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,679,486 shares of the construction company’s stock valued at $73,478,000 after buying an additional 73,078 shares in the last quarter. State Street Corp boosted its position in shares of Simpson Manufacturing Co by 7.2% in the fourth quarter. State Street Corp now owns 925,347 shares of the construction company’s stock valued at $40,487,000 after buying an additional 62,136 shares in the last quarter. Finally, FMR LLC boosted its position in Simpson Manufacturing Co by 9.5% in the fourth quarter. FMR LLC now owns 639,934 shares of the construction company’s stock worth $27,997,000 after buying an additional 55,500 shares during the period. 83.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) traded down 0.19% during midday trading on Friday, hitting $41.72. The stock had a trading volume of 322,762 shares. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 22.43 and a beta of 1.41. Simpson Manufacturing Co, Inc. has a 12-month low of $37.06 and a 12-month high of $48.41. The company’s 50-day moving average price is $42.03 and its 200-day moving average price is $43.81.

Simpson Manufacturing Co (NYSE:SSD) last posted its earnings results on Thursday, February 2nd. The construction company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.01. The business had revenue of $200 million for the quarter, compared to analyst estimates of $196.83 million. Simpson Manufacturing Co had a return on equity of 10.33% and a net margin of 10.43%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.30 earnings per share. Equities research analysts forecast that Simpson Manufacturing Co, Inc. will post $1.99 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 27th. Shareholders of record on Thursday, April 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.73%. The ex-dividend date is Tuesday, April 4th. Simpson Manufacturing Co’s payout ratio is 38.71%.

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Separately, Zacks Investment Research cut Simpson Manufacturing Co from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 29th.

About Simpson Manufacturing Co

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.