Simpson Manufacturing Company, Inc. $SSD Shares Bought by First Trust Advisors LP

First Trust Advisors LP lifted its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 582,201 shares of the construction company’s stock after acquiring an additional 34,598 shares during the quarter. First Trust Advisors LP’s holdings in Simpson Manufacturing were worth $99,917,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in Simpson Manufacturing by 11,044.7% during the fourth quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after purchasing an additional 672,402 shares in the last quarter. Norges Bank purchased a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $85,140,000. Victory Capital Management Inc. raised its position in shares of Simpson Manufacturing by 6,234.7% during the 4th quarter. Victory Capital Management Inc. now owns 397,947 shares of the construction company’s stock worth $64,257,000 after purchasing an additional 391,665 shares during the last quarter. Capital International Investors boosted its holdings in Simpson Manufacturing by 93.7% in the 4th quarter. Capital International Investors now owns 663,195 shares of the construction company’s stock worth $107,086,000 after buying an additional 320,870 shares during the last quarter. Finally, ValueAct Holdings L.P. increased its stake in Simpson Manufacturing by 21.9% during the 4th quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock worth $237,707,000 after buying an additional 264,200 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SSD. Robert W. Baird increased their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Stifel Nicolaus boosted their price target on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. DA Davidson increased their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings lowered Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $214.75.

Simpson Manufacturing Stock Up 2.3%

SSD stock opened at $193.58 on Friday. Simpson Manufacturing Company, Inc. has a one year low of $156.32 and a one year high of $213.49. The firm has a market cap of $7.96 billion, a PE ratio of 22.69 and a beta of 1.30. The firm’s 50 day moving average price is $192.35 and its 200-day moving average price is $186.69. 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 (NYSE:SSD) last released its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. The business had revenue of $587.96 million during the quarter, compared to analysts’ expectations of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.85 EPS. On average, equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.07 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, October 1st. Simpson Manufacturing’s dividend payout ratio is 14.07%.

Simpson Manufacturing Company 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.