Atria Investments Inc Has $2.61 Million Position in Simpson Manufacturing Company, Inc. $SSD

Atria Investments Inc grew its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 8.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,793 shares of the construction company’s stock after buying an additional 1,303 shares during the period. Atria Investments Inc’s holdings in Simpson Manufacturing were worth $2,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SSD. Nuveen LLC acquired a new stake in shares of Simpson Manufacturing in the first quarter valued at about $15,567,000. Champlain Investment Partners LLC increased its stake in shares of Simpson Manufacturing by 20.2% in the first quarter. Champlain Investment Partners LLC now owns 403,994 shares of the construction company’s stock valued at $63,459,000 after buying an additional 67,943 shares during the period. Raymond James Financial Inc. increased its stake in shares of Simpson Manufacturing by 20.3% in the first quarter. Raymond James Financial Inc. now owns 396,291 shares of the construction company’s stock valued at $62,249,000 after buying an additional 66,774 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Simpson Manufacturing by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock valued at $33,327,000 after buying an additional 64,114 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of Simpson Manufacturing in the first quarter valued at about $8,384,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SSD. Weiss Ratings reissued a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. Robert W. Baird increased their price target on Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, DA Davidson restated a “neutral” rating and set a $190.00 target price on shares of Simpson Manufacturing in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing currently has a consensus rating of “Hold” and an average price target of $201.00.

Simpson Manufacturing Stock Down 1.6%

Shares of Simpson Manufacturing stock opened at $173.62 on Tuesday. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.80. The stock’s 50-day moving average is $179.60 and its 200 day moving average is $169.61. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 21.15 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, beating the consensus estimate of $2.37 by $0.21. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The company had revenue of $623.51 million for the quarter, compared to analyst estimates of $607.79 million. During the same quarter in the prior year, the company earned $2.21 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. Equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Friday, January 2nd will be issued a $0.29 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.16 annualized dividend and a yield of 0.7%. Simpson Manufacturing’s dividend payout ratio is presently 14.13%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the transaction, the executive vice president owned 7,810 shares in the company, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing 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.