Simpson Manufacturing Co., Inc. (NYSE:SSD) Holdings Boosted by Port Capital LLC

Port Capital LLC raised its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 369,255 shares of the construction company’s stock after acquiring an additional 975 shares during the period. Simpson Manufacturing accounts for about 3.2% of Port Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Port Capital LLC owned about 0.88% of Simpson Manufacturing worth $70,627,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Tidal Investments LLC increased its position in Simpson Manufacturing by 3.0% in the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after buying an additional 109 shares during the period. SG Americas Securities LLC lifted its position in Simpson Manufacturing by 389.7% in the 2nd quarter. SG Americas Securities LLC now owns 6,161 shares of the construction company’s stock valued at $1,038,000 after purchasing an additional 4,903 shares during the last quarter. Curated Wealth Partners LLC boosted its stake in Simpson Manufacturing by 181.2% during the 2nd quarter. Curated Wealth Partners LLC now owns 4,953 shares of the construction company’s stock valued at $835,000 after purchasing an additional 11,052 shares during the period. D.B. Root & Company LLC grew its position in Simpson Manufacturing by 12.9% in the 2nd quarter. D.B. Root & Company LLC now owns 6,701 shares of the construction company’s stock worth $1,129,000 after purchasing an additional 764 shares during the last quarter. Finally, PineStone Asset Management Inc. increased its stake in shares of Simpson Manufacturing by 14.4% in the second quarter. PineStone Asset Management Inc. now owns 72,200 shares of the construction company’s stock valued at $12,168,000 after purchasing an additional 9,100 shares during the period. 93.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $185.07 on Wednesday. The firm has a 50-day moving average price of $186.28 and a 200 day moving average price of $179.07. The firm has a market capitalization of $7.80 billion, a PE ratio of 24.45 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52-week low of $157.42 and a 52-week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same quarter last year, the company earned $2.43 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.