Healthcare of Ontario Pension Plan Trust Fund Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the third quarter, HoldingsChannel.com reports. The fund acquired 14,000 shares of the construction company’s stock, valued at approximately $2,678,000.

Several other large investors also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA raised its position in Simpson Manufacturing by 12.0% in the third quarter. Glenmede Trust Co. NA now owns 11,239 shares of the construction company’s stock worth $2,150,000 after acquiring an additional 1,208 shares during the period. Townsquare Capital LLC raised its holdings in Simpson Manufacturing by 2.4% in the 3rd quarter. Townsquare Capital LLC now owns 7,092 shares of the construction company’s stock worth $1,356,000 after purchasing an additional 167 shares during the period. BNP Paribas Financial Markets lifted its position in Simpson Manufacturing by 73.6% during the third quarter. BNP Paribas Financial Markets now owns 12,999 shares of the construction company’s stock valued at $2,486,000 after purchasing an additional 5,512 shares in the last quarter. Quantbot Technologies LP bought a new stake in Simpson Manufacturing during the third quarter valued at about $2,089,000. Finally, FMR LLC increased its position in Simpson Manufacturing by 24.2% in the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after buying an additional 333,390 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird lifted their price objective on 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 Stock Performance

Shares of NYSE SSD opened at $188.40 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38. The firm has a fifty day moving average price of $186.53 and a 200-day moving average price of $178.79. The stock has a market cap of $7.94 billion, a PE ratio of 24.89 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted 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 net margin of 14.51% and a return on equity of 18.29%. Simpson Manufacturing’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.43 earnings per share. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.59%. Simpson Manufacturing’s payout ratio is 14.80%.

About Simpson Manufacturing

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.