Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Boosted by Cerity Partners LLC

Cerity Partners LLC raised its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 61.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,750 shares of the construction company's stock after purchasing an additional 8,616 shares during the quarter. Cerity Partners LLC owned about 0.05% of Simpson Manufacturing worth $4,351,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SSD. Conestoga Capital Advisors LLC lifted its holdings in shares of Simpson Manufacturing by 1.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock valued at $271,972,000 after acquiring an additional 24,253 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Simpson Manufacturing by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 945,421 shares of the construction company's stock worth $159,343,000 after acquiring an additional 39,803 shares during the period. Burgundy Asset Management Ltd. grew its position in Simpson Manufacturing by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock valued at $101,928,000 after acquiring an additional 8,535 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock valued at $93,171,000 after purchasing an additional 6,585 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of Simpson Manufacturing by 0.8% in the second quarter. Federated Hermes Inc. now owns 317,274 shares of the construction company's stock valued at $53,470,000 after purchasing an additional 2,392 shares during the period. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Simpson Manufacturing Stock Up 0.8 %

NYSE SSD traded up $1.48 during trading hours on Friday, reaching $188.25. 103,532 shares of the company traded hands, compared to its average volume of 275,986. The company has a 50 day moving average of $186.55 and a two-hundred day moving average of $178.69. The stock has a market capitalization of $7.94 billion, a PE ratio of 24.72 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 12 month low of $157.42 and a 12 month high of $218.38. 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 released its earnings results 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 business had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. During the same quarter in the previous year, the firm earned $2.43 EPS. The firm's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors 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 dividend on an annualized basis and a yield of 0.59%. Simpson Manufacturing's dividend payout ratio is currently 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.