Healthcare of Ontario Pension Plan Trust Fund Acquires Shares of 14,000 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,000 shares of the construction company's stock, valued at approximately $2,678,000.

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

Simpson Manufacturing Price Performance

SSD stock traded up $1.63 during trading on Friday, hitting $188.40. 103,532 shares of the 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 stock has a market cap of $7.94 billion, a price-to-earnings ratio of 24.89 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a one year low of $157.42 and a one year high of $218.38. The company has a 50 day simple moving average of $186.53 and a 200 day simple moving average of $178.81.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted 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). 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 quarter last year, the firm posted $2.43 EPS. The business's revenue was up 1.2% on a year-over-year basis. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced 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 is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird boosted their price target 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.