PEAK6 Investments LLC Makes New Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

PEAK6 Investments LLC bought a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,754 shares of the construction company's stock, valued at approximately $909,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing during the 3rd quarter worth $34,000. Prospera Private Wealth LLC purchased a new stake in shares of Simpson Manufacturing during the third quarter worth approximately $37,000. Huntington National Bank raised its holdings in Simpson Manufacturing by 73.2% in the third 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 lifted its stake in 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 in the 2nd quarter valued at approximately $77,000. Hedge funds and other institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Performance

NYSE:SSD traded down $0.76 during mid-day trading on Tuesday, reaching $185.07. 84,414 shares of the stock were exchanged, compared to its average volume of 274,554. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38. The company has a 50 day simple moving average of $186.40 and a 200-day simple moving average of $178.95. The stock has a market capitalization of $7.80 billion, a P/E ratio of 24.43 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 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 business had revenue of $587.15 million during the quarter, compared to analysts' expectations of $589.00 million. During the same period in the previous year, the company posted $2.43 earnings per share. Simpson Manufacturing's quarterly revenue was up 1.2% on a year-over-year basis. Analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.61%. Simpson Manufacturing's dividend payout ratio (DPR) is presently 14.80%.

Analysts Set New Price Targets

Separately, Robert W. Baird upped their price objective 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 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.