Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 55.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,533 shares of the construction company's stock after selling 5,707 shares during the quarter. Intech Investment Management LLC's holdings in Simpson Manufacturing were worth $867,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Simpson Manufacturing during the third quarter worth about $34,000. Prospera Private Wealth LLC purchased a new position in Simpson Manufacturing during the 3rd quarter worth approximately $37,000. Huntington National Bank increased its position 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 buying an additional 142 shares during the period. 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 valued at $73,000 after buying an additional 184 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Simpson Manufacturing in the second quarter valued at approximately $77,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird lifted their target price on shares of 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

Shares of NYSE SSD traded up $1.48 during midday trading on Friday, reaching $188.25. 103,532 shares of the company were exchanged, compared to its average volume of 275,986. The stock has a market cap of $7.94 billion, a P/E ratio of 24.72 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38. The stock has a fifty day simple moving average of $186.55 and a 200 day simple moving average of $178.69. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million during the quarter, compared to analysts' expectations of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.43 EPS. On average, research analysts forecast 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 disclosed 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 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing's payout ratio is 14.80%.

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.