Bridgewater Associates LP Sells 31,508 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Bridgewater Associates LP cut its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 38.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,496 shares of the construction company's stock after selling 31,508 shares during the period. Bridgewater Associates LP owned approximately 0.12% of Simpson Manufacturing worth $9,850,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SSD. B. Riley Wealth Advisors Inc. grew 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 purchasing an additional 1,447 shares in the last quarter. Jane Street Group LLC boosted its stake in Simpson Manufacturing by 4.5% during the first 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 in the last quarter. Tidal Investments LLC increased its holdings in Simpson Manufacturing by 3.0% in the 1st quarter. Tidal Investments LLC now owns 3,748 shares of the construction company's stock valued at $769,000 after buying an additional 109 shares during the period. Virtu Financial LLC raised its stake in shares of Simpson Manufacturing by 12.7% in the 1st quarter. Virtu Financial LLC now owns 4,024 shares of the construction company's stock valued at $826,000 after buying an additional 452 shares in the last quarter. Finally, HM Payson & Co. lifted its holdings in shares of Simpson Manufacturing by 50.8% during the 1st quarter. HM Payson & Co. now owns 1,347 shares of the construction company's stock worth $276,000 after acquiring an additional 454 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped their target price on shares of 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 Price Performance

SSD stock traded up $1.48 during trading on Friday, hitting $188.25. The company had a trading volume of 103,532 shares, compared to its average volume of 275,986. The company has a fifty day moving average price of $186.55 and a two-hundred day moving average price of $178.69. Simpson Manufacturing Co., Inc. has a fifty-two week low of $157.42 and a fifty-two week high of $218.38. The company has a market cap of $7.94 billion, a P/E ratio of 24.72 and a beta of 1.32. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results 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 firm had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 EPS. Equities research analysts expect 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 paid a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.59%. Simpson Manufacturing's dividend payout ratio is 14.80%.

About Simpson Manufacturing

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.