Livforsakringsbolaget Skandia Omsesidigt Acquires New Position in Simpson Manufacturing Company, Inc. $SSD

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,500 shares of the construction company’s stock, valued at approximately $5,756,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Simpson Manufacturing during the 2nd quarter worth $862,138,000. Bank of Montreal Can grew its position in Simpson Manufacturing by 11,044.7% in the fourth quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after acquiring an additional 672,402 shares during the last quarter. Norges Bank acquired a new position in Simpson Manufacturing during the fourth quarter worth about $85,140,000. Port Capital LLC bought a new position in shares of Simpson Manufacturing in the second quarter worth about $82,563,000. Finally, Victory Capital Management Inc. boosted its stake in shares of Simpson Manufacturing by 6,234.7% in the 4th quarter. Victory Capital Management Inc. now owns 397,947 shares of the construction company’s stock valued at $64,257,000 after purchasing an additional 391,665 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SSD. Stifel Nicolaus upped their price objective on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Stephens increased their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research note on Tuesday, July 28th. Finally, UBS Group reiterated a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Simpson Manufacturing presently has an average rating of “Hold” and an average price target of $216.25.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $182.04 on Friday. The business has a 50 day moving average of $193.49 and a 200-day moving average of $188.42. The company has a market capitalization of $7.49 billion, a P/E ratio of 19.90 and a beta of 1.31. Simpson Manufacturing Company, Inc. has a 1 year low of $156.32 and a 1 year high of $213.49. 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 (NYSE:SSD) last posted its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $658.76 million. During the same period in the previous year, the firm posted $2.47 EPS. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, equities research analysts predict that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Thursday, October 1st. Simpson Manufacturing’s payout ratio is 13.11%.

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.