Quantamental Technologies LLC Invests $49,000 in Simpson Manufacturing Co, Inc. (SSD) Stock

Quantamental Technologies LLC bought a new stake in Simpson Manufacturing Co, Inc. (NYSE:SSD) in the 4th quarter, Holdings Channel reports. The institutional investor bought 901 shares of the construction company’s stock, valued at approximately $49,000.

A number of other hedge funds have also recently made changes to their positions in SSD. Huntington National Bank raised its stake in Simpson Manufacturing by 50.2% in the 4th quarter. Huntington National Bank now owns 1,113 shares of the construction company’s stock valued at $60,000 after purchasing an additional 372 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Simpson Manufacturing by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,056 shares of the construction company’s stock valued at $165,000 after purchasing an additional 314 shares during the last quarter. Ibex Investors LLC acquired a new position in Simpson Manufacturing in the 3rd quarter valued at about $200,000. Parametrica Management Ltd acquired a new position in Simpson Manufacturing in the 3rd quarter valued at about $212,000. Finally, AMP Capital Investors Ltd acquired a new position in Simpson Manufacturing in the 3rd quarter valued at about $218,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

NYSE SSD opened at $57.84 on Monday. Simpson Manufacturing Co, Inc. has a 12 month low of $49.54 and a 12 month high of $78.36. The stock has a market cap of $2.66 billion, a PE ratio of 20.01, a P/E/G ratio of 3.56 and a beta of 1.58.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 4th. The construction company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.16). Simpson Manufacturing had a net margin of 12.01% and a return on equity of 15.17%. The company had revenue of $241.80 million for the quarter, compared to analyst estimates of $251.77 million. During the same period in the prior year, the company earned $0.27 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that Simpson Manufacturing Co, Inc. will post 3.25 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Thursday, April 4th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 30.45%.

SSD has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “hold” rating to a “sell” rating in a research note on Friday, January 18th. Sidoti set a $72.00 price objective on shares of Simpson Manufacturing and gave the company a “buy” rating in a research note on Tuesday, February 5th. ValuEngine downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Robert W. Baird downgraded shares of Simpson Manufacturing from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $75.00 to $72.00 in a research note on Monday, October 15th.

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Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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