Two Sigma Investments LP Invests $253,000 in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Two Sigma Investments LP purchased a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,528 shares of the construction company’s stock, valued at approximately $253,000.

Several other large investors have also recently modified their holdings of the stock. CIBC Asset Management Inc raised its position in shares of Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after purchasing an additional 64 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Simpson Manufacturing by 2.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company’s stock worth $447,000 after purchasing an additional 70 shares during the last quarter. V Square Quantitative Management LLC raised its position in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Arizona State Retirement System raised its position in shares of Simpson Manufacturing by 0.8% in the 4th quarter. Arizona State Retirement System now owns 12,237 shares of the construction company’s stock worth $2,029,000 after purchasing an additional 97 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Simpson Manufacturing by 23.0% in the 4th quarter. Signaturefd LLC now owns 525 shares of the construction company’s stock worth $87,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson decreased their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $157.01 on Thursday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The business has a 50-day simple moving average of $154.28 and a two-hundred day simple moving average of $163.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 20.66 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The business had revenue of $538.90 million during the quarter, compared to analyst estimates of $531.81 million. During the same quarter in the previous year, the firm earned $1.77 EPS. Simpson Manufacturing’s revenue was up 1.6% on a year-over-year basis. On average, analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be given a $0.29 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.74%. Simpson Manufacturing’s payout ratio is 15.10%.

Simpson Manufacturing Company 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.