Simpson Manufacturing Company, Inc. $SSD Shares Acquired by Interval Partners LP

Interval Partners LP lifted its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 114.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 53,848 shares of the construction company’s stock after acquiring an additional 28,706 shares during the period. Interval Partners LP’s holdings in Simpson Manufacturing were worth $9,017,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 92 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Simpson Manufacturing by 322.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock valued at $28,000 after purchasing an additional 129 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at approximately $34,000. Hantz Financial Services Inc. grew its stake in shares of Simpson Manufacturing by 98.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after buying an additional 144 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Simpson Manufacturing during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $177.88 on Friday. The company’s 50 day simple moving average is $188.22 and its 200-day simple moving average is $178.59. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.99 and a current ratio of 3.54. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $211.98. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 21.56 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 9th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $539.35 million during the quarter, compared to analysts’ expectations of $530.70 million. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.31 EPS. As a group, equities research analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders 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 dividend yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.06%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SSD. Weiss Ratings cut Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Robert W. Baird set a $222.00 target price on Simpson Manufacturing in a research note on Tuesday, February 10th. Stephens set a $200.00 target price on Simpson Manufacturing in a research report on Tuesday, February 10th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, DA Davidson increased their price target on Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $207.33.

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.