Geode Capital Management LLC Purchases 7,351 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Geode Capital Management LLC grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 707,664 shares of the construction company's stock after buying an additional 7,351 shares during the period. Geode Capital Management LLC owned 1.68% of Simpson Manufacturing worth $135,390,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing in the 3rd quarter valued at about $34,000. Prospera Private Wealth LLC bought a new stake in shares of Simpson Manufacturing during the third quarter worth approximately $37,000. Millburn Ridgefield Corp acquired a new position in shares of Simpson Manufacturing in the third quarter valued at approximately $51,000. Huntington National Bank increased its stake in shares of Simpson Manufacturing by 73.2% during the third quarter. Huntington National Bank now owns 336 shares of the construction company's stock worth $64,000 after purchasing an additional 142 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Simpson Manufacturing by 93.9% during the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company's stock worth $73,000 after purchasing an additional 184 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock traded down $6.45 during midday trading on Tuesday, hitting $177.73. The company's stock had a trading volume of 261,393 shares, compared to its average volume of 273,151. The company has a 50-day moving average price of $184.90 and a two-hundred day moving average price of $180.06. Simpson Manufacturing Co., Inc. has a 1-year low of $157.42 and a 1-year high of $218.38. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 23.48 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 EPS 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 firm had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. During the same period in the prior year, the business earned $2.43 earnings per share. Simpson Manufacturing's quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing's dividend payout ratio is presently 14.80%.

Insiders Place Their Bets

In other news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares of the company's stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.42% of the company's stock.

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.