Marshall Wace LLP bought a new stake in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,423 shares of the construction company’s stock, valued at approximately $1,210,000.
Several other institutional investors and hedge funds also recently modified their holdings of SSD. Penserra Capital Management LLC purchased a new stake in Simpson Manufacturing in the first quarter valued at approximately $27,000. ETF Managers Group LLC boosted its position in Simpson Manufacturing by 8.7% in the 1st quarter. ETF Managers Group LLC now owns 2,504 shares of the construction company’s stock worth $148,000 after purchasing an additional 201 shares in the last quarter. Quantamental Technologies LLC boosted its position in Simpson Manufacturing by 266.5% in the 1st quarter. Quantamental Technologies LLC now owns 3,302 shares of the construction company’s stock worth $196,000 after purchasing an additional 2,401 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Simpson Manufacturing in the 4th quarter worth approximately $201,000. Finally, Paloma Partners Management Co purchased a new stake in Simpson Manufacturing in the 4th quarter worth approximately $203,000. 89.68% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Greenway Robin Macgillivray sold 1,475 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $61.56, for a total value of $90,801.00. Following the completion of the transaction, the director now directly owns 12,470 shares of the company’s stock, valued at approximately $767,653.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by corporate insiders.
Shares of SSD stock traded up $0.21 during trading hours on Thursday, hitting $64.82. 103,345 shares of the company’s stock were exchanged, compared to its average volume of 219,745. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 4.15 and a beta of 1.47. The business’s 50 day moving average price is $64.88. Simpson Manufacturing Co, Inc. has a fifty-two week low of $49.54 and a fifty-two week high of $78.36.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 29th. The construction company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). Simpson Manufacturing had a net margin of 11.59% and a return on equity of 15.05%. The firm had revenue of $259.20 million during the quarter, compared to analyst estimates of $255.80 million. During the same period in the prior year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. On average, analysts anticipate that Simpson Manufacturing Co, Inc. will post 3.17 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd will be paid a $0.23 dividend. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, July 2nd. Simpson Manufacturing’s dividend payout ratio is currently 31.83%.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.
Further Reading: Why is the ROA ratio important?
Receive News & Ratings for Simpson Manufacturing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing and related companies with MarketBeat.com's FREE daily email newsletter.