Fmr LLC Purchases 333,390 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

FMR LLC boosted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 24.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,710,358 shares of the construction company's stock after acquiring an additional 333,390 shares during the quarter. FMR LLC owned 4.06% of Simpson Manufacturing worth $327,140,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in Simpson Manufacturing during the third quarter valued at approximately $34,000. Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing during the 3rd quarter valued at $37,000. Huntington National Bank grew 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 acquiring an additional 142 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Simpson Manufacturing by 93.9% in the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock worth $73,000 after acquiring an additional 184 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Simpson Manufacturing during the second quarter worth $77,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird upped 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 Stock Performance

NYSE:SSD traded up $1.63 during mid-day trading on Friday, hitting $188.40. 103,532 shares of the company's stock traded hands, compared to its average volume of 199,181. 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 50 day moving average of $186.53 and a two-hundred day moving average of $178.81. The firm has a market capitalization of $7.94 billion, a price-to-earnings 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 results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. During the same quarter in the prior year, the business earned $2.43 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 annualized dividend and a dividend yield of 0.59%. Simpson Manufacturing's dividend payout ratio is currently 14.80%.

Simpson Manufacturing 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.