Fisher Asset Management LLC Grows Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Fisher Asset Management LLC increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 67.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,462 shares of the construction company's stock after acquiring an additional 88,235 shares during the quarter. Fisher Asset Management LLC owned approximately 0.52% of Simpson Manufacturing worth $41,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Conestoga Capital Advisors LLC lifted its position in Simpson Manufacturing by 1.7% in the third quarter. Conestoga Capital Advisors LLC now owns 1,421,930 shares of the construction company's stock valued at $271,972,000 after buying an additional 24,253 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Simpson Manufacturing by 1.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 604,806 shares of the construction company's stock worth $101,928,000 after purchasing an additional 8,535 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Simpson Manufacturing by 1.4% in the 3rd 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 last quarter. Finally, Price T Rowe Associates Inc. MD raised its position 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 purchasing an additional 4,195 shares during the period. Institutional investors and hedge funds own 93.68% of the company's stock.

Simpson Manufacturing Stock Down 0.6 %

Shares of SSD traded down $1.09 during mid-day trading on Wednesday, hitting $186.78. 79,173 shares of the company's stock were exchanged, compared to its average volume of 276,410. The stock's 50-day moving average is $186.72 and its 200-day moving average is $178.58. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. 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 $7.87 billion, a price-to-earnings ratio of 24.89 and a beta of 1.32.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). The business had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Simpson Manufacturing's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.43 earnings per share. On average, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors 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 0.60%. Simpson Manufacturing's payout ratio is 14.80%.

Analysts Set New Price Targets

Separately, Robert W. Baird lifted their price objective 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.