Simpson Manufacturing Co., Inc. (NYSE:SSD) Short Interest Update

Simpson Manufacturing Co., Inc. (NYSE:SSD - Get Free Report) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 752,400 shares, a decline of 11.6% from the January 31st total of 850,900 shares. Based on an average daily volume of 245,400 shares, the days-to-cover ratio is presently 3.1 days. Currently, 1.8% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reduced their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded up $3.02 during midday trading on Friday, hitting $165.02. 179,069 shares of the company's stock were exchanged, compared to its average volume of 254,129. Simpson Manufacturing has a 52-week low of $154.97 and a 52-week high of $218.38. The stock has a 50-day moving average price of $166.37 and a two-hundred day moving average price of $177.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The company has a market cap of $6.96 billion, a P/E ratio of 21.71 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, equities research analysts forecast that Simpson Manufacturing will post 8.29 earnings per share for the current year.

Remove Ads

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the completion of the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Simpson Manufacturing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Simpson Manufacturing by 16.8% in the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock worth $74,000 after purchasing an additional 64 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Simpson Manufacturing by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock worth $216,000 after purchasing an additional 64 shares in the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Simpson Manufacturing by 2.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after purchasing an additional 70 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Simpson Manufacturing by 1.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock worth $1,042,000 after purchasing an additional 88 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock worth $45,000 after purchasing an additional 95 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Company 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.