Fisher Asset Management LLC Has $41.98 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Fisher Asset Management LLC increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 67.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 219,462 shares of the construction company’s stock after buying an additional 88,235 shares during the period. Fisher Asset Management LLC owned 0.52% of Simpson Manufacturing worth $41,976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. EntryPoint Capital LLC bought a new position in shares of Simpson Manufacturing in the 1st quarter worth about $29,000. BOKF NA increased its holdings in Simpson Manufacturing by 77.1% in the first quarter. BOKF NA now owns 1,725 shares of the construction company’s stock worth $347,000 after purchasing an additional 751 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Simpson Manufacturing by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 378,313 shares of the construction company’s stock valued at $77,623,000 after buying an additional 4,195 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Simpson Manufacturing by 76.3% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock worth $686,000 after buying an additional 1,447 shares in the last quarter. Finally, Jane Street Group LLC grew its position in shares of Simpson Manufacturing by 4.5% during the 1st quarter. Jane Street Group LLC now owns 63,532 shares of the construction company’s stock worth $13,035,000 after buying an additional 2,744 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised 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 Trading Down 4.6 %

SSD opened at $187.87 on Wednesday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $157.42 and a fifty-two week high of $218.38. The firm has a market capitalization of $7.92 billion, a PE ratio of 24.82 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The company’s 50-day moving average is $186.65 and its 200 day moving average is $178.50.

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

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders 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 0.60%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is 14.80%.

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.