Charles Schwab Investment Management Inc. Purchases 6,585 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Charles Schwab Investment Management Inc. raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 487,118 shares of the construction company's stock after buying an additional 6,585 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.16% of Simpson Manufacturing worth $93,171,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SSD. EntryPoint Capital LLC bought a new position in shares of Simpson Manufacturing during the 1st quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter valued at about $34,000. Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter valued at about $37,000. Huntington National Bank lifted its holdings in shares of Simpson Manufacturing by 73.2% during the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company's stock valued at $64,000 after purchasing an additional 142 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock valued at $73,000 after acquiring an additional 184 shares in the last quarter. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock traded down $1.10 during trading on Wednesday, reaching $186.77. 149,484 shares of the company's stock were exchanged, compared to its average volume of 276,736. 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 stock has a market capitalization of $7.87 billion, a PE ratio of 24.89 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38. The firm's fifty day moving average price is $186.72 and its 200-day moving average price is $178.58.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts' consensus estimates 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 business's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.43 earnings per share. As a group, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The firm 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 is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.60%. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted 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.

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.