Bridgewater Associates LP Sells 31,508 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Bridgewater Associates LP lowered its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 38.0% in the third quarter, HoldingsChannel.com reports. The firm owned 51,496 shares of the construction company’s stock after selling 31,508 shares during the quarter. Bridgewater Associates LP’s holdings in Simpson Manufacturing were worth $9,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SSD. B. Riley Wealth Advisors Inc. grew its position in Simpson Manufacturing by 76.3% during the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock worth $686,000 after buying an additional 1,447 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Simpson Manufacturing by 4.5% during the 1st quarter. Jane Street Group LLC now owns 63,532 shares of the construction company’s stock worth $13,035,000 after purchasing an additional 2,744 shares in the last quarter. Tidal Investments LLC increased its position in shares of Simpson Manufacturing by 3.0% in the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after purchasing an additional 109 shares during the period. Virtu Financial LLC lifted its position in Simpson Manufacturing by 12.7% during the first quarter. Virtu Financial LLC now owns 4,024 shares of the construction company’s stock worth $826,000 after purchasing an additional 452 shares during the period. Finally, HM Payson & Co. grew its stake in Simpson Manufacturing by 50.8% during the first quarter. HM Payson & Co. now owns 1,347 shares of the construction company’s stock worth $276,000 after buying an additional 454 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Simpson Manufacturing Trading Down 0.6 %

Shares of SSD stock opened at $186.77 on Friday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $157.42 and a fifty-two week high of $218.38. The stock’s fifty day moving average price is $186.72 and its two-hundred day moving average price is $178.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The company has a market cap of $7.87 billion, a PE ratio of 24.67 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) 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 the consensus estimate of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. Equities analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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 paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio 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.