Simpson Manufacturing Co., Inc. (NYSE:SSD) Short Interest Update

Simpson Manufacturing Co., Inc. (NYSE:SSD) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 857,700 shares, a drop of 15.9% from the October 31st total of 1,020,000 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 218,000 shares, the days-to-cover ratio is presently 3.9 days.

Hedge Funds Weigh In On Simpson Manufacturing

Large investors have recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in Simpson Manufacturing by 4.8% in the third quarter. Tidal Investments LLC now owns 2,901 shares of the construction company’s stock valued at $555,000 after buying an additional 133 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at about $30,000. Sanctuary Advisors LLC grew its position in shares of Simpson Manufacturing by 7.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 11,689 shares of the construction company’s stock valued at $2,160,000 after acquiring an additional 847 shares during the period. SkyView Investment Advisors LLC increased its stake in shares of Simpson Manufacturing by 1.8% in the 3rd quarter. SkyView Investment Advisors LLC now owns 9,324 shares of the construction company’s stock valued at $1,783,000 after purchasing an additional 163 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in Simpson Manufacturing by 15.7% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,403 shares of the construction company’s stock worth $268,000 after purchasing an additional 190 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 0.8 %

Shares of Simpson Manufacturing stock opened at $188.25 on Friday. Simpson Manufacturing has a 1 year low of $157.42 and a 1 year high of $218.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The stock has a market cap of $7.94 billion, a PE ratio of 24.87 and a beta of 1.32. The firm has a fifty day moving average price of $186.55 and a 200 day moving average price of $178.69.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $2.43 EPS. Equities research analysts predict that Simpson Manufacturing will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. Simpson Manufacturing’s payout ratio is 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday, October 21st.

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.