Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,000 shares of the construction company’s stock, valued at approximately $2,678,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SSD. V Square Quantitative Management LLC bought a new position in Simpson Manufacturing during the 3rd quarter valued at approximately $34,000. Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing during the third quarter valued at $37,000. Huntington National Bank raised its position in shares of Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares during the last quarter. GAMMA Investing LLC boosted its stake in Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after purchasing an additional 184 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Simpson Manufacturing during the 2nd quarter valued at about $77,000. Institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Simpson Manufacturing Stock Up 0.9 %

Simpson Manufacturing stock opened at $188.40 on Friday. Simpson Manufacturing Co., Inc. has a 12 month low of $157.42 and a 12 month high of $218.38. The stock has a fifty day simple moving average of $186.53 and a two-hundred day simple moving average of $178.79. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 24.89 and a beta of 1.32.

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

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be given 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 yield of 0.59%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

Simpson Manufacturing 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.