SG Americas Securities LLC Acquires 59,828 Shares of Simpson Manufacturing Company, Inc. $SSD

SG Americas Securities LLC lifted its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2,359.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 62,364 shares of the construction company’s stock after purchasing an additional 59,828 shares during the period. SG Americas Securities LLC owned about 0.15% of Simpson Manufacturing worth $10,070,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after buying an additional 92 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Simpson Manufacturing by 322.5% in the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after buying an additional 129 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Simpson Manufacturing in the third quarter worth about $34,000. Hantz Financial Services Inc. lifted its stake in shares of Simpson Manufacturing by 98.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after acquiring an additional 144 shares during the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Simpson Manufacturing by 40.3% in the 3rd quarter. Allworth Financial LP now owns 331 shares of the construction company’s stock valued at $55,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

SSD has been the topic of several recent research reports. Robert W. Baird set a $222.00 price target on Simpson Manufacturing in a research report on Tuesday, February 10th. Weiss Ratings upgraded Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 18th. DA Davidson increased their price target on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Wall Street Zen lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Stephens set a $200.00 price objective on shares of Simpson Manufacturing in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.33.

Simpson Manufacturing Trading Up 0.1%

NYSE:SSD opened at $168.49 on Monday. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $211.98. The company has a current ratio of 3.54, a quick ratio of 1.99 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $187.22 and a 200-day moving average price of $177.04. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 20.42 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, February 9th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.26 by $0.09. The business had revenue of $539.35 million during the quarter, compared to analyst estimates of $530.70 million. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. Simpson Manufacturing’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period last year, the business posted $1.31 earnings per share. Equities analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.06%.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.