15,757 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by World Investment Advisors LLC

World Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 15,757 shares of the construction company’s stock, valued at approximately $30,000.

Several other hedge funds have also made changes to their positions in SSD. FMR LLC raised its holdings in shares of Simpson Manufacturing by 24.2% in the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock valued at $327,140,000 after acquiring an additional 333,390 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new position in Simpson Manufacturing during the 2nd quarter valued at about $35,884,000. The Manufacturers Life Insurance Company raised its holdings in shares of Simpson Manufacturing by 336.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock valued at $37,838,000 after purchasing an additional 173,097 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Simpson Manufacturing by 1,020.1% during the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock valued at $26,745,000 after purchasing an additional 127,345 shares in the last quarter. Finally, Nia Impact Advisors LLC bought a new position in shares of Simpson Manufacturing during the second quarter valued at approximately $15,010,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $168.66 on Friday. The company has a market cap of $7.11 billion, a P/E ratio of 22.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The stock’s 50-day moving average is $184.08 and its 200 day moving average is $179.92. Simpson Manufacturing Co., Inc. has a 1-year low of $157.42 and a 1-year high of $218.38.

Simpson Manufacturing (NYSE:SSD) 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). The firm had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.43 earnings per share. Research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is presently 14.80%.

Insider Activity

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note 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.