EULAV Asset Management Invests $5.53 Million in Simpson Manufacturing Company, Inc. $SSD

EULAV Asset Management acquired a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 33,000 shares of the construction company’s stock, valued at approximately $5,526,000.

A number of other large investors also recently bought and sold shares of SSD. EverSource Wealth Advisors LLC boosted its stake in Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after buying an additional 92 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $31,000. Steph & Co. acquired a new position in shares of Simpson Manufacturing in the 2nd quarter worth approximately $53,000. Putney Financial Group LLC boosted its position in shares of Simpson Manufacturing by 238.4% during the 2nd quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock worth $59,000 after purchasing an additional 267 shares during the period. Finally, Sprucegrove Investment Management Ltd. acquired a new stake in Simpson Manufacturing in the 2nd quarter valued at approximately $62,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director Philip E. Donaldson sold 2,375 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $168.16, for a total value of $399,380.00. Following the completion of the transaction, the director owned 6,086 shares in the company, valued at $1,023,421.76. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Stock Up 1.9%

Shares of NYSE SSD opened at $187.51 on Friday. The stock has a market cap of $7.77 billion, a P/E ratio of 22.84 and a beta of 1.37. The business’s fifty day simple moving average is $168.08 and its 200-day simple moving average is $173.83. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The company has a current ratio of 3.35, a quick ratio of 1.88 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.37 by $0.21. The firm had revenue of $623.51 million during 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%.Simpson Manufacturing’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.21 EPS. As a group, equities analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company 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 $0.29 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.16 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is 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.