Advantage Alpha Capital Partners LP Lowers Position in Simpson Manufacturing Company, Inc. $SSD

Advantage Alpha Capital Partners LP lessened its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,140 shares of the construction company’s stock after selling 1,138 shares during the quarter. Advantage Alpha Capital Partners LP owned approximately 0.06% of Simpson Manufacturing worth $3,749,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in Simpson Manufacturing during the 2nd quarter valued at $31,000. CWM LLC boosted its holdings in Simpson Manufacturing by 39.1% during the first quarter. CWM LLC now owns 331 shares of the construction company’s stock worth $52,000 after purchasing an additional 93 shares during the last quarter. Steph & Co. bought a new stake in Simpson Manufacturing in the 2nd quarter worth about $53,000. Putney Financial Group LLC increased its stake in Simpson Manufacturing by 238.4% in the 2nd quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock valued at $59,000 after buying an additional 267 shares during the last quarter. Finally, Sprucegrove Investment Management Ltd. bought a new position in shares of Simpson Manufacturing during the 2nd quarter worth approximately $62,000. Institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Robert W. Baird upped their target price on Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. DA Davidson restated a “neutral” rating and issued a $190.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Simpson Manufacturing has a consensus rating of “Hold” and an average target price of $201.00.

Simpson Manufacturing Stock Up 1.4%

Shares of NYSE SSD opened at $168.52 on Friday. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.80. The business’s fifty day moving average price is $170.59 and its 200-day moving average price is $170.95. The stock has a market capitalization of $6.99 billion, a PE ratio of 20.53 and a beta of 1.27.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.21. The business had revenue of $623.51 million for the quarter, compared to analysts’ expectations of $607.79 million. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.21 EPS. On average, equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Friday, January 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.13%.

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.