Edgestream Partners L.P. Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Edgestream Partners L.P. acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,557 shares of the construction company's stock, valued at approximately $3,358,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSD. V Square Quantitative Management LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter worth $34,000. Prospera Private Wealth LLC purchased a new position in shares of Simpson Manufacturing in the third quarter worth about $37,000. Huntington National Bank lifted its stake 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 buying an additional 142 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock worth $73,000 after buying an additional 184 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in Simpson Manufacturing in the 2nd quarter valued at approximately $77,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

Shares of SSD stock traded down $2.57 during trading hours on Monday, reaching $185.83. The stock had a trading volume of 133,953 shares, compared to its average volume of 275,374. The stock's fifty day simple moving average is $186.53 and its 200 day simple moving average is $178.84. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.84 billion, a PE ratio of 24.89 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.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $587.15 million for the quarter, compared to analysts' expectations of $589.00 million. During the same quarter last year, the business posted $2.43 EPS. The business's quarterly revenue was up 1.2% compared to the same quarter last year. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

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 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 0.60%. Simpson Manufacturing's payout ratio is 14.80%.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird increased their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research report 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.