SG Americas Securities LLC Sells 6,971 Shares of Simpson Manufacturing Company, Inc. $SSD

SG Americas Securities LLC lessened its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 11.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,393 shares of the construction company’s stock after selling 6,971 shares during the quarter. SG Americas Securities LLC’s holdings in Simpson Manufacturing were worth $9,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Cooke & Bieler LP boosted its stake in Simpson Manufacturing by 77.9% in the fourth quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company’s stock worth $20,940,000 after buying an additional 56,769 shares in the last quarter. Rafferty Asset Management LLC grew its position in Simpson Manufacturing by 117.6% during the third quarter. Rafferty Asset Management LLC now owns 33,651 shares of the construction company’s stock valued at $5,635,000 after acquiring an additional 18,186 shares during the last quarter. Westview Management dba Westview Investment Advisors purchased a new position in shares of Simpson Manufacturing during the fourth quarter worth approximately $2,074,000. Comerica Bank lifted its holdings in shares of Simpson Manufacturing by 21.6% in the 4th quarter. Comerica Bank now owns 123,375 shares of the construction company’s stock worth $19,921,000 after acquiring an additional 21,889 shares during the last quarter. Finally, Capital World Investors lifted its holdings in shares of Simpson Manufacturing by 101.7% in the 3rd quarter. Capital World Investors now owns 172,813 shares of the construction company’s stock worth $28,939,000 after acquiring an additional 87,135 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

SSD has been the topic of several recent research reports. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Stephens upped their price target on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Stifel Nicolaus raised their price objective on Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, DA Davidson lifted their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.75.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $209.71 on Friday. 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 Company, Inc. has a fifty-two week low of $154.22 and a fifty-two week high of $213.49. The firm has a market cap of $8.63 billion, a PE ratio of 24.58 and a beta of 1.32. The business has a 50 day moving average price of $189.15 and a 200-day moving average price of $182.97.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, April 27th. The construction company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.84 by $0.29. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The company had revenue of $587.96 million for the quarter, compared to the consensus estimate of $550.08 million. During the same period in the previous year, the firm earned $1.85 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be issued a $0.30 dividend. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing’s payout ratio is 13.60%.

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.