GAMMA Investing LLC Purchases 727 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

GAMMA Investing LLC grew its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 163.7% in the first quarter, Holdings Channel reports. The firm owned 1,171 shares of the construction company’s stock after purchasing an additional 727 shares during the period. GAMMA Investing LLC’s holdings in Simpson Manufacturing were worth $184,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SSD. US Bancorp DE boosted its stake in Simpson Manufacturing by 14.7% during the fourth quarter. US Bancorp DE now owns 4,833 shares of the construction company’s stock valued at $801,000 after buying an additional 620 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Simpson Manufacturing by 1,542.3% in the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company’s stock valued at $71,000 after acquiring an additional 401 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Simpson Manufacturing by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock valued at $81,354,000 after acquiring an additional 3,467 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Simpson Manufacturing by 6.6% during the fourth quarter. Assetmark Inc. now owns 14,785 shares of the construction company’s stock worth $2,452,000 after purchasing an additional 917 shares in the last quarter. Finally, Atria Investments Inc increased its position in shares of Simpson Manufacturing by 7.5% in the fourth quarter. Atria Investments Inc now owns 15,136 shares of the construction company’s stock worth $2,510,000 after purchasing an additional 1,052 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $163.13 on Friday. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The company has a fifty day moving average of $157.35 and a 200-day moving average of $160.09. The company has a market capitalization of $6.82 billion, a P/E ratio of 21.24 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The business had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. During the same quarter last year, the business posted $1.77 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities research analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be given a $0.29 dividend. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 0.71%. Simpson Manufacturing’s payout ratio is presently 14.58%.

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.