Vise Technologies Inc. Purchases Shares of 3,999 Simpson Manufacturing Company, Inc. $SSD

Vise Technologies Inc. purchased a new stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) during the second quarter, HoldingsChannel.com reports. The fund purchased 3,999 shares of the construction company’s stock, valued at approximately $837,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Candriam S.C.A. bought a new stake in Simpson Manufacturing during the first quarter valued at about $7,133,000. Cooke & Bieler LP increased its stake in shares of 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 purchasing an additional 56,769 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Simpson Manufacturing during the 1st quarter worth about $4,424,000. Comerica Bank lifted its position in shares of Simpson Manufacturing by 21.6% during the 4th quarter. Comerica Bank now owns 123,375 shares of the construction company’s stock worth $19,921,000 after purchasing an additional 21,889 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in Simpson Manufacturing by 67.0% during the 4th quarter. Brown Advisory Inc. now owns 327,606 shares of the construction company’s stock valued at $52,899,000 after purchasing an additional 131,381 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $188.66 on Monday. Simpson Manufacturing Company, Inc. has a 12 month low of $156.32 and a 12 month high of $213.49. The company has a market capitalization of $7.76 billion, a P/E ratio of 20.62 and a beta of 1.31. The stock has a 50 day moving average of $194.66 and a two-hundred day moving average of $188.61. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15.

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

Simpson Manufacturing Announces Dividend

The firm also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, October 1st. Simpson Manufacturing’s payout ratio is 13.11%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stephens raised their target price on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a report on Tuesday, July 28th. DA Davidson raised their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Stifel Nicolaus boosted their target price on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $216.25.

Simpson Manufacturing 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.