Edgestream Partners L.P. Purchases New Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

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

A number of other institutional investors and hedge funds also recently modified their holdings of SSD. Tidal Investments LLC increased its position in shares of Simpson Manufacturing by 3.0% during the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after acquiring an additional 109 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Simpson Manufacturing during the second quarter valued at approximately $77,000. SG Americas Securities LLC increased its position in Simpson Manufacturing by 389.7% in the second quarter. SG Americas Securities LLC now owns 6,161 shares of the construction company’s stock worth $1,038,000 after buying an additional 4,903 shares during the last quarter. Curated Wealth Partners LLC increased its position in Simpson Manufacturing by 181.2% in the second quarter. Curated Wealth Partners LLC now owns 4,953 shares of the construction company’s stock worth $835,000 after buying an additional 11,052 shares during the last quarter. Finally, D.B. Root & Company LLC increased its position in Simpson Manufacturing by 12.9% in the second quarter. D.B. Root & Company LLC now owns 6,701 shares of the construction company’s stock worth $1,129,000 after buying an additional 764 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $188.40 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The business has a fifty day simple moving average of $186.53 and a two-hundred day simple moving average of $178.81. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38. The company has a market capitalization of $7.94 billion, a P/E ratio of 24.89 and a beta of 1.32.

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

Simpson Manufacturing Announces Dividend

The business also recently declared 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. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is currently 14.80%.

Analyst Upgrades and Downgrades

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

About Simpson Manufacturing

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.