Berry Wealth Group LP Makes New $215,000 Investment in Simpson Manufacturing Company, Inc. $SSD

Berry Wealth Group LP bought a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,382 shares of the construction company’s stock, valued at approximately $215,000.

Other hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Simpson Manufacturing by 13.4% during the second quarter. Public Employees Retirement System of Ohio now owns 25,204 shares of the construction company’s stock valued at $3,914,000 after purchasing an additional 2,975 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Simpson Manufacturing by 11.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,824 shares of the construction company’s stock worth $286,000 after purchasing an additional 181 shares during the last quarter. Park Avenue Securities LLC acquired a new position in Simpson Manufacturing during the 2nd quarter worth $314,000. Whittier Trust Co. of Nevada Inc. boosted its position in Simpson Manufacturing by 3.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 48,109 shares of the construction company’s stock valued at $7,472,000 after buying an additional 1,461 shares during the last quarter. Finally, Vest Financial LLC boosted its position in Simpson Manufacturing by 74.2% in the 2nd quarter. Vest Financial LLC now owns 24,826 shares of the construction company’s stock valued at $3,856,000 after buying an additional 10,571 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

SSD opened at $167.38 on Friday. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 20.39 and a beta of 1.27. The business’s 50-day moving average price is $170.31 and its two-hundred day moving average price is $170.97. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 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.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.21. The company had revenue of $623.51 million during the quarter, compared to the consensus estimate of $607.79 million. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.21 EPS. Equities analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

Wall Street Analysts Forecast Growth

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

About Simpson Manufacturing

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.