Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 668 Shares of Simpson Manufacturing Company, Inc. $SSD

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,747 shares of the construction company’s stock after buying an additional 668 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Simpson Manufacturing were worth $1,669,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new stake in shares of Simpson Manufacturing during the 2nd quarter worth approximately $31,000. CWM LLC increased its stake in Simpson Manufacturing by 39.1% in the first quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after purchasing an additional 93 shares during the period. Steph & Co. bought a new stake in shares of Simpson Manufacturing during the second quarter worth $53,000. Putney Financial Group LLC boosted its stake in shares of Simpson Manufacturing by 238.4% during the second quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock valued at $59,000 after purchasing an additional 267 shares during the period. Finally, Sprucegrove Investment Management Ltd. bought a new position in shares of Simpson Manufacturing in the second quarter worth about $62,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

NYSE SSD opened at $162.52 on Friday. The company has a market cap of $6.74 billion, a PE ratio of 19.79 and a beta of 1.27. The firm’s 50 day moving average price is $172.10 and its 200-day moving average price is $170.64. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.80 and a current ratio of 3.35. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $607.79 million. During the same quarter in the prior year, the business earned $2.21 earnings per share. Simpson Manufacturing’s revenue was up 6.2% on a year-over-year basis. Sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Friday, January 2nd will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.13%.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the transaction, the executive vice president directly owned 7,810 shares in the company, valued at approximately $1,531,775.30. The trade was a 11.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SSD shares. Robert W. Baird lifted their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $190.00 price target on shares of Simpson Manufacturing in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $201.00.

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.