Alps Advisors Inc. Has $4.83 Million Holdings in Simpson Manufacturing Company, Inc. $SSD

Alps Advisors Inc. increased its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 43.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,843 shares of the construction company’s stock after purchasing an additional 8,706 shares during the quarter. Alps Advisors Inc. owned 0.07% of Simpson Manufacturing worth $4,830,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Simpson Manufacturing by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock worth $798,000 after acquiring an additional 1,726 shares during the period. Integrated Wealth Concepts LLC increased its stake in Simpson Manufacturing by 11.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock valued at $427,000 after acquiring an additional 286 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Simpson Manufacturing during the first quarter valued at approximately $531,000. Goldman Sachs Group Inc. raised its position in Simpson Manufacturing by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock valued at $33,327,000 after purchasing an additional 64,114 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Simpson Manufacturing by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock worth $19,022,000 after purchasing an additional 12,865 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, Director Philip E. Donaldson sold 2,375 shares of Simpson Manufacturing stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $168.16, for a total transaction of $399,380.00. Following the transaction, the director directly owned 6,086 shares of the company’s stock, valued at approximately $1,023,421.76. The trade was a 28.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SSD shares. Robert W. Baird boosted their price target on Simpson Manufacturing from $190.00 to $212.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, January 21st. Finally, DA Davidson set a $190.00 target price on Simpson Manufacturing in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing presently has a consensus rating of “Hold” and a consensus target price of $201.00.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $196.76 on Tuesday. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 23.97 and a beta of 1.37. The company has a current ratio of 3.35, a quick ratio of 1.88 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $174.94 and its 200-day moving average price is $176.77. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, February 9th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. The company had revenue of $539.35 million during the quarter, compared to the consensus estimate of $530.70 million. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The firm’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 earnings per share. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.13%.

Simpson Manufacturing Profile

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.