9,802 Shares in Simpson Manufacturing Company, Inc. $SSD Acquired by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC bought a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 9,802 shares of the construction company’s stock, valued at approximately $2,052,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SSD. Candriam S.C.A. purchased a new position in shares of Simpson Manufacturing in the first quarter worth approximately $7,133,000. Cooke & Bieler LP raised its position in Simpson Manufacturing by 77.9% in the fourth quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company’s stock worth $20,940,000 after acquiring an additional 56,769 shares during the period. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Simpson Manufacturing during the 1st quarter worth $4,424,000. Comerica Bank boosted its stake in shares of Simpson Manufacturing by 21.6% during the 4th quarter. Comerica Bank now owns 123,375 shares of the construction company’s stock worth $19,921,000 after acquiring an additional 21,889 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Simpson Manufacturing by 67.0% during the 4th quarter. Brown Advisory Inc. now owns 327,606 shares of the construction company’s stock valued at $52,899,000 after acquiring an additional 131,381 shares during the period. 93.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on SSD shares. Stephens raised their target price on Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a report on Tuesday, July 28th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings upgraded Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. DA Davidson raised their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $216.25.

Simpson Manufacturing Trading Down 0.2%

Shares of SSD opened at $193.40 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.29 and a quick ratio of 2.14. Simpson Manufacturing Company, Inc. has a 1 year low of $156.32 and a 1 year high of $213.49. The company has a 50 day simple moving average of $194.59 and a two-hundred day simple moving average of $188.16. The firm has a market cap of $7.96 billion, a P/E ratio of 21.14 and a beta of 1.31.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The firm had revenue of $671.08 million for the quarter, compared to analysts’ expectations of $658.76 million. During the same quarter last year, the business posted $2.47 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities analysts expect that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be paid a $0.30 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.20 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s payout ratio is presently 13.11%.

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.