Millburn Ridgefield Corp Purchases New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Millburn Ridgefield Corp acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the third quarter, HoldingsChannel reports. The firm acquired 268 shares of the construction company’s stock, valued at approximately $51,000.

A number of other institutional investors also recently bought and sold shares of SSD. FMR LLC increased its stake in Simpson Manufacturing by 24.2% in the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after purchasing an additional 333,390 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in Simpson Manufacturing in the second quarter valued at $35,884,000. The Manufacturers Life Insurance Company increased its stake in Simpson Manufacturing by 336.6% in the second quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after purchasing an additional 173,097 shares during the period. Nia Impact Advisors LLC acquired a new position in shares of Simpson Manufacturing during the second quarter worth about $15,010,000. Finally, Fisher Asset Management LLC increased its stake in shares of Simpson Manufacturing by 67.2% during the third quarter. Fisher Asset Management LLC now owns 219,462 shares of the construction company’s stock worth $41,976,000 after acquiring an additional 88,235 shares during the period. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Down 0.9 %

Shares of Simpson Manufacturing stock opened at $183.36 on Thursday. 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. The company’s 50-day simple moving average is $186.28 and its 200-day simple moving average is $179.07. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 24.22 and a beta of 1.32.

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

Simpson Manufacturing Announces Dividend

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

Wall Street Analyst Weigh In

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

Simpson Manufacturing Company 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.