Quantinno Capital Management LP Has $987,000 Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Quantinno Capital Management LP raised its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 23.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,162 shares of the construction company’s stock after buying an additional 993 shares during the quarter. Quantinno Capital Management LP’s holdings in Simpson Manufacturing were worth $987,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SSD. Champlain Investment Partners LLC acquired a new position in shares of Simpson Manufacturing during the third quarter valued at about $16,060,000. US Bancorp DE increased its stake in Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock valued at $806,000 after acquiring an additional 352 shares during the period. International Assets Investment Management LLC raised its holdings in Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after acquiring an additional 5,863 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock worth $93,171,000 after acquiring an additional 6,585 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Simpson Manufacturing by 336.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock worth $37,838,000 after purchasing an additional 173,097 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Simpson Manufacturing Price Performance

Shares of Simpson Manufacturing stock opened at $184.37 on Friday. The firm has a market cap of $7.77 billion, a P/E ratio of 24.36 and a beta of 1.32. The firm’s 50-day simple moving average is $185.39 and its 200-day simple moving average is $179.69. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data 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). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The company had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same period in the previous year, the firm posted $2.43 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts expect that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.61%. Simpson Manufacturing’s dividend payout ratio is currently 14.80%.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the 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 completion of the sale, the executive vice president now owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.42% of the company’s stock.

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.