Sanctuary Advisors LLC Buys New Stake in Simpson Manufacturing Company, Inc. $SSD

Sanctuary Advisors LLC bought a new stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,694 shares of the construction company’s stock, valued at approximately $1,611,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Simpson Manufacturing by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock valued at $798,000 after purchasing an additional 1,726 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in Simpson Manufacturing by 11.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock worth $427,000 after buying an additional 286 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Simpson Manufacturing during the 1st quarter valued at about $531,000. Goldman Sachs Group Inc. increased its position in Simpson Manufacturing by 43.3% during the 1st 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Simpson Manufacturing by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock valued at $19,022,000 after buying an additional 12,865 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $184.80 on Thursday. Simpson Manufacturing Company, Inc. has a 1 year low of $156.32 and a 1 year high of $213.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 3.29. The company has a market capitalization of $7.60 billion, a PE ratio of 20.20 and a beta of 1.31. The company’s fifty day moving average price is $194.22 and its 200 day moving average price is $188.55.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The business had revenue of $671.08 million during the quarter, compared to analysts’ expectations of $658.76 million. During the same quarter in the previous year, the company earned $2.47 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis. On average, research analysts predict that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a $0.30 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is presently 13.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group restated a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. Stifel Nicolaus boosted their target price on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Stephens upped their price target on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Simpson Manufacturing currently has an average rating of “Hold” and an average target price of $216.25.

Simpson Manufacturing Profile

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.