MetLife Investment Management LLC Sells 412 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

MetLife Investment Management LLC lessened its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.8% during the third quarter, Holdings Channel reports. The fund owned 21,977 shares of the construction company’s stock after selling 412 shares during the quarter. MetLife Investment Management LLC’s holdings in Simpson Manufacturing were worth $4,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SSD. SkyView Investment Advisors LLC lifted its stake in shares of Simpson Manufacturing by 0.7% in the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock valued at $1,544,000 after buying an additional 67 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Simpson Manufacturing by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock worth $697,000 after buying an additional 72 shares in the last quarter. Inspire Investing LLC raised its position in Simpson Manufacturing by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock valued at $466,000 after buying an additional 94 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in Simpson Manufacturing by 0.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock valued at $7,473,000 after acquiring an additional 100 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Simpson Manufacturing by 3.0% during the 1st quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock worth $769,000 after acquiring an additional 109 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $185.83 on Tuesday. The company has a market capitalization of $7.84 billion, a PE ratio of 24.89 and a beta of 1.32. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average price is $186.53 and its 200-day moving average price is $178.84. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The business had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.43 earnings per share. On average, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.80%.

Analyst Ratings Changes

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

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.