Simpson Manufacturing Co., Inc. (NYSE:SSD) Short Interest Update

Simpson Manufacturing Co., Inc. (NYSE:SSD) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 857,700 shares, a decrease of 15.9% from the October 31st total of 1,020,000 shares. Based on an average trading volume of 218,000 shares, the short-interest ratio is currently 3.9 days. Currently, 2.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Simpson Manufacturing

Several large investors have recently made changes to their positions in the company. SkyView Investment Advisors LLC lifted its holdings in 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 during the period. Commonwealth Equity Services LLC lifted its stake in shares of Simpson Manufacturing by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock valued at $697,000 after purchasing an additional 72 shares during the period. Inspire Investing LLC boosted its position in shares of Simpson Manufacturing by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock worth $466,000 after purchasing an additional 94 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in Simpson Manufacturing by 0.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock worth $7,473,000 after buying an additional 100 shares during the last quarter. Finally, Tidal Investments LLC increased its stake in Simpson Manufacturing by 3.0% in the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after purchasing an additional 109 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

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 Up 0.9 %

Shares of NYSE:SSD opened at $188.40 on Monday. 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 firm has a market cap of $7.94 billion, a P/E ratio of 24.89 and a beta of 1.32. Simpson Manufacturing has a 12 month low of $157.42 and a 12 month high of $218.38. The company’s 50-day moving average price is $186.53 and its two-hundred day moving average price is $178.81.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $589.00 million. During the same period last year, the company earned $2.43 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts forecast that Simpson Manufacturing will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be given 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 dividend yield of 0.59%. Simpson Manufacturing’s payout ratio is currently 14.80%.

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.