Edgestream Partners L.P. Takes $794,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Edgestream Partners L.P. acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,868 shares of the construction company’s stock, valued at approximately $794,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of Simpson Manufacturing by 103.3% during the 4th quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company’s stock valued at $2,009,000 after purchasing an additional 5,154 shares during the last quarter. Axiom Investors LLC DE grew its holdings in shares of Simpson Manufacturing by 129.0% during the 4th quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock valued at $21,147,000 after purchasing an additional 60,178 shares during the last quarter. Epoch Investment Partners Inc. grew its holdings in Simpson Manufacturing by 250.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock worth $64,433,000 after acquiring an additional 232,600 shares during the last quarter. M&T Bank Corp grew its holdings in Simpson Manufacturing by 66.2% in the 4th quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock worth $5,250,000 after acquiring an additional 10,564 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Simpson Manufacturing by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 4,208,812 shares of the construction company’s stock worth $833,261,000 after acquiring an additional 49,142 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 2.7 %

Shares of NYSE:SSD traded up $4.84 on Wednesday, hitting $183.97. The company had a trading volume of 80,887 shares, compared to its average volume of 311,356. The firm’s 50-day simple moving average is $170.05 and its two-hundred day simple moving average is $182.96. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $7.76 billion, a price-to-earnings ratio of 22.45 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a return on equity of 19.63% and a net margin of 15.03%. The company had revenue of $596.98 million during the quarter, compared to analysts’ expectations of $604.67 million. During the same period in the prior year, the business posted $2.50 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 4th will be given a dividend of $0.28 per share. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.04%.

Analysts Set New Price Targets

SSD has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Robert W. Baird raised their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th.

Insider Buying and Selling

In other news, EVP Roger Dankel sold 2,000 shares of Simpson Manufacturing stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the transaction, the executive vice president now directly owns 26,764 shares in the company, valued at $4,687,179.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Roger Dankel sold 2,000 shares of Simpson Manufacturing stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total value of $350,260.00. Following the completion of the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at approximately $4,687,179.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jennifer Lutz sold 750 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the sale, the executive vice president now directly owns 5,033 shares in the company, valued at $861,347.62. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.