18,295 Shares in Simpson Manufacturing Company, Inc. $SSD Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, HoldingsChannel reports. The fund acquired 18,295 shares of the construction company’s stock, valued at approximately $3,832,000.

A number of other hedge funds have also recently modified their holdings of SSD. EverSource Wealth Advisors LLC raised its holdings in shares of Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after buying an additional 92 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Simpson Manufacturing in the fourth quarter worth $32,000. Brown Brothers Harriman & Co. purchased a new stake in Simpson Manufacturing in the third quarter worth $34,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Simpson Manufacturing during the first quarter worth $37,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Simpson Manufacturing by 33.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock valued at $37,000 after purchasing an additional 57 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Down 3.4%

NYSE SSD opened at $176.42 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $7.26 billion, a PE ratio of 19.28 and a beta of 1.31. The company has a 50 day moving average price of $192.73 and a 200 day moving average price of $187.99. Simpson Manufacturing Company, Inc. has a 52 week low of $156.32 and a 52 week high of $213.49.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. The company had revenue of $671.08 million during the quarter, compared to analysts’ expectations of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. Simpson Manufacturing’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 earnings per share. As a group, sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 9.09 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.7%. Simpson Manufacturing’s dividend payout ratio is presently 13.11%.

Analysts Set New Price Targets

Several research analysts recently commented on SSD shares. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 24th. UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Stephens boosted their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a report on Tuesday, July 28th. Stifel Nicolaus raised their price objective on Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Simpson Manufacturing presently has an average rating of “Hold” and a consensus target price of $216.25.

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.