Simpson Manufacturing Company, Inc. $SSD Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 8.3% in the 4th quarter, Holdings Channel reports. The firm owned 177,814 shares of the construction company’s stock after buying an additional 13,595 shares during the quarter. Bessemer Group Inc.’s holdings in Simpson Manufacturing were worth $28,709,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SSD. EverSource Wealth Advisors LLC increased its holdings in Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after purchasing an additional 92 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Simpson Manufacturing by 322.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock valued at $28,000 after purchasing an additional 129 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing in the 4th quarter valued at $28,000. Brown Brothers Harriman & Co. acquired a new stake in Simpson Manufacturing in the 3rd quarter valued at $34,000. Finally, Hantz Financial Services Inc. increased its holdings in Simpson Manufacturing by 98.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after purchasing an additional 144 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $178.50 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.40 and a quick ratio of 2.02. The firm has a 50-day moving average of $178.92 and a two-hundred day moving average of $178.13. The stock has a market cap of $7.34 billion, a P/E ratio of 20.93 and a beta of 1.34. Simpson Manufacturing Company, Inc. has a 1-year low of $151.38 and a 1-year high of $211.98.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. The company had revenue of $587.96 million during the quarter, compared to analysts’ expectations of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.85 EPS. On average, research analysts expect that Simpson Manufacturing Company, Inc. will post 9.18 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 given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, July 2nd. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.29. Simpson Manufacturing’s dividend payout ratio is currently 13.60%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Robert W. Baird increased their price target on Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Stifel Nicolaus increased their price target on Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. Finally, DA Davidson upped their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.