Capital International Investors Has $107.09 Million Stock Position in Simpson Manufacturing Company, Inc. $SSD

Capital International Investors increased its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 93.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 663,195 shares of the construction company’s stock after purchasing an additional 320,870 shares during the period. Capital International Investors’ holdings in Simpson Manufacturing were worth $107,086,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in SSD. EverSource Wealth Advisors LLC grew its stake in Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after purchasing an additional 92 shares during the period. Smartleaf Asset Management LLC grew its stake in Simpson Manufacturing by 322.5% during the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after purchasing an additional 129 shares during the period. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing during the fourth quarter worth approximately $28,000. Los Angeles Capital Management LLC acquired a new stake in Simpson Manufacturing during the fourth quarter worth approximately $32,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in Simpson Manufacturing during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.3%

Shares of Simpson Manufacturing stock opened at $185.94 on Tuesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 3.40. Simpson Manufacturing Company, Inc. has a 52 week low of $151.38 and a 52 week high of $211.98. The stock has a 50 day moving average price of $181.85 and a two-hundred day moving average price of $179.97. The stock has a market capitalization of $7.65 billion, a PE ratio of 21.80 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The firm had revenue of $587.96 million during the quarter, compared to analysts’ expectations of $550.08 million. During the same quarter last year, the firm posted $1.85 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, July 2nd. Simpson Manufacturing’s payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

SSD has been the subject of several recent analyst reports. Robert W. Baird raised their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Stephens raised their target price on Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Stifel Nicolaus raised their target price on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, DA Davidson raised their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Simpson Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.75.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.