Capital International Investors Boosts Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Capital International Investors grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,005,825 shares of the construction company’s stock after purchasing an additional 589 shares during the quarter. Capital International Investors’ holdings in Simpson Manufacturing were worth $206,375,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. grew its stake in Simpson Manufacturing by 19.6% in the 1st quarter. Advisors Asset Management Inc. now owns 5,209 shares of the construction company’s stock valued at $1,069,000 after acquiring an additional 853 shares during the period. EntryPoint Capital LLC acquired a new stake in Simpson Manufacturing in the 1st quarter valued at $29,000. Maren Capital LLC grew its stake in Simpson Manufacturing by 4.6% in the 1st quarter. Maren Capital LLC now owns 81,830 shares of the construction company’s stock valued at $16,790,000 after acquiring an additional 3,575 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Simpson Manufacturing by 5.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,000 shares of the construction company’s stock valued at $4,309,000 after acquiring an additional 1,000 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in Simpson Manufacturing by 1.1% in the 1st quarter. Burgundy Asset Management Ltd. now owns 596,271 shares of the construction company’s stock valued at $122,343,000 after acquiring an additional 6,777 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on SSD. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. StockNews.com cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

Insider Activity

In other news, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at approximately $4,687,179.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Jennifer Lutz sold 750 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Roger Dankel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the completion of the sale, the executive vice president now owns 26,764 shares in the company, valued at $4,687,179.32. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

SSD traded up $7.48 on Friday, hitting $192.45. 433,574 shares of the company’s stock were exchanged, compared to its average volume of 531,459. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The company has a current ratio of 3.69, a quick ratio of 2.19 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $170.88 and a 200-day moving average price of $182.98. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 24.12 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. The business had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. During the same period last year, the firm earned $2.50 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th were given a dividend of $0.28 per share. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.58%. Simpson Manufacturing’s payout ratio is presently 14.04%.

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.