TD Asset Management Inc. boosted its stake in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 22.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,849 shares of the construction company’s stock after buying an additional 35,400 shares during the period. TD Asset Management Inc. owned approximately 0.42% of Simpson Manufacturing worth $10,547,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its position in Simpson Manufacturing by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 13,833 shares of the construction company’s stock valued at $748,000 after buying an additional 253 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Simpson Manufacturing by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,056 shares of the construction company’s stock worth $165,000 after buying an additional 314 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Simpson Manufacturing by 7.9% in the 4th quarter. Bank of Montreal Can now owns 4,742 shares of the construction company’s stock worth $258,000 after buying an additional 349 shares during the last quarter. Huntington National Bank boosted its stake in shares of Simpson Manufacturing by 50.2% in the 4th quarter. Huntington National Bank now owns 1,113 shares of the construction company’s stock worth $60,000 after buying an additional 372 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Simpson Manufacturing by 7.3% in the 4th quarter. Advisors Asset Management Inc. now owns 7,398 shares of the construction company’s stock worth $400,000 after buying an additional 506 shares during the last quarter. 90.46% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on the company. Sidoti set a $72.00 price target on Simpson Manufacturing and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Zacks Investment Research downgraded Simpson Manufacturing from a “hold” rating to a “sell” rating in a research report on Friday, January 18th. Finally, ValuEngine downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 4th. The construction company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.16). The firm had revenue of $241.80 million for the quarter, compared to analyst estimates of $251.77 million. Simpson Manufacturing had a return on equity of 15.17% and a net margin of 12.01%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. As a group, equities analysts anticipate that Simpson Manufacturing Co, Inc. will post 3.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 30.45%.
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About Simpson Manufacturing
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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