California Public Employees Retirement System raised its holdings in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 86,260 shares of the construction company’s stock after buying an additional 1,072 shares during the quarter. California Public Employees Retirement System’s holdings in Simpson Manufacturing were worth $4,952,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. Shelton Capital Management bought a new position in Simpson Manufacturing during the fourth quarter valued at $209,000. Teacher Retirement System of Texas purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $791,000. Everence Capital Management Inc. purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at $229,000. Rockefeller Financial Services Inc. raised its stake in shares of Simpson Manufacturing by 31.9% in the fourth quarter. Rockefeller Financial Services Inc. now owns 339,552 shares of the construction company’s stock valued at $19,494,000 after acquiring an additional 82,030 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Simpson Manufacturing by 8.2% in the fourth quarter. Aperio Group LLC now owns 16,349 shares of the construction company’s stock valued at $939,000 after acquiring an additional 1,236 shares during the period. Institutional investors and hedge funds own 88.53% of the company’s stock.
Several equities research analysts have recently weighed in on SSD shares. Sidoti started coverage on shares of Simpson Manufacturing in a research note on Wednesday, January 3rd. They issued a “neutral” rating and a $66.00 target price on the stock. Zacks Investment Research raised shares of Simpson Manufacturing from a “sell” rating to a “buy” rating and set a $65.00 target price on the stock in a research note on Friday, February 9th. Robert W. Baird reissued a “buy” rating and issued a $64.00 target price on shares of Simpson Manufacturing in a research note on Tuesday, January 9th. Finally, DA Davidson downgraded shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Simpson Manufacturing has an average rating of “Hold” and a consensus price target of $63.75.
Simpson Manufacturing Co, Inc. (NYSE:SSD) opened at $59.14 on Tuesday. The company has a market cap of $2,730.00, a PE ratio of 30.17, a P/E/G ratio of 4.37 and a beta of 1.54. Simpson Manufacturing Co, Inc. has a 12 month low of $39.82 and a 12 month high of $61.62.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 5th. The construction company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.10). The company had revenue of $231.68 million during the quarter, compared to analysts’ expectations of $224.47 million. Simpson Manufacturing had a return on equity of 9.64% and a net margin of 9.48%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 EPS. analysts predict that Simpson Manufacturing Co, Inc. will post 2.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.42%. The ex-dividend date is Wednesday, April 4th. Simpson Manufacturing’s dividend payout ratio is presently 42.86%.
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About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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