Callan Family Office LLC Acquires New Shares in Simpson Manufacturing Company, Inc. $SSD

Callan Family Office LLC acquired a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 51,088 shares of the construction company’s stock, valued at approximately $10,695,000. Callan Family Office LLC owned approximately 0.12% of Simpson Manufacturing as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SSD. BlackRock Inc. bought a new position in Simpson Manufacturing during the 2nd quarter valued at about $862,138,000. ValueAct Holdings L.P. boosted its holdings in shares of Simpson Manufacturing by 21.9% during the 4th quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock valued at $237,707,000 after acquiring an additional 264,200 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Simpson Manufacturing by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock worth $141,826,000 after acquiring an additional 31,744 shares during the period. Quantinno Capital Management LP grew its stake in shares of Simpson Manufacturing by 0.5% in the first quarter. Quantinno Capital Management LP now owns 857,918 shares of the construction company’s stock worth $147,236,000 after acquiring an additional 4,168 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Simpson Manufacturing by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock valued at $123,603,000 after purchasing an additional 6,869 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SSD shares. UBS Group restated a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Stifel Nicolaus boosted their target price on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Finally, Stephens increased their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Simpson Manufacturing currently has a consensus rating of “Hold” and a consensus price target of $216.25.

Simpson Manufacturing Trading Up 0.4%

Simpson Manufacturing stock opened at $188.66 on Friday. Simpson Manufacturing Company, Inc. has a 52-week low of $156.32 and a 52-week high of $213.49. The company has a market cap of $7.76 billion, a P/E ratio of 20.62 and a beta of 1.31. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $194.66 and a two-hundred day simple moving average of $188.55.

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

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 1st. Simpson Manufacturing’s dividend payout ratio is currently 13.11%.

Simpson Manufacturing Company 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.