Quantbot Technologies LP Makes New $2.09 Million Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Quantbot Technologies LP bought a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,921 shares of the construction company's stock, valued at approximately $2,089,000.

Several other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of Simpson Manufacturing in the third quarter valued at about $34,000. Prospera Private Wealth LLC purchased a new position in Simpson Manufacturing during the 3rd quarter valued at about $37,000. Huntington National Bank raised its holdings in shares of Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company's stock valued at $64,000 after purchasing an additional 142 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Simpson Manufacturing by 93.9% in 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 period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Simpson Manufacturing during the second quarter valued at approximately $77,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Up 0.9 %

SSD stock traded up $1.63 during trading on Friday, reaching $188.40. 103,532 shares of the company traded hands, compared to its average volume of 275,986. The business has a 50 day simple moving average of $186.55 and a 200 day simple moving average of $178.69. Simpson Manufacturing Co., Inc. has a 12 month low of $157.42 and a 12 month high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The company has a market capitalization of $7.94 billion, a price-to-earnings ratio of 24.72 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share 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 in the prior year, the business posted $2.43 earnings per share. The firm's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm 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 0.59%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.80%.

Wall Street Analyst Weigh In

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 report 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.