EULAV Asset Management Purchases 11,200 Shares of Simpson Manufacturing Company, Inc. $SSD

EULAV Asset Management raised its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 33.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 44,200 shares of the construction company’s stock after acquiring an additional 11,200 shares during the period. EULAV Asset Management’s holdings in Simpson Manufacturing were worth $7,137,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in SSD. AQR Capital Management LLC raised its stake in shares of Simpson Manufacturing by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock worth $798,000 after purchasing an additional 1,726 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Simpson Manufacturing by 11.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock worth $427,000 after purchasing an additional 286 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Simpson Manufacturing during the 1st quarter worth approximately $531,000. Goldman Sachs Group Inc. raised its stake in shares of Simpson Manufacturing by 43.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock worth $33,327,000 after purchasing an additional 64,114 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Simpson Manufacturing by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock worth $19,022,000 after purchasing an additional 12,865 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 0.8%

SSD stock opened at $185.24 on Friday. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $7.62 billion, a PE ratio of 21.72 and a beta of 1.32. Simpson Manufacturing Company, Inc. has a 1-year low of $151.38 and a 1-year high of $211.98. The business’s 50 day simple moving average is $181.55 and its 200 day simple moving average is $179.62.

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

Simpson Manufacturing Increases Dividend

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

Analyst Ratings Changes

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

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.