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

Simpson Manufacturing Co., Inc. (NYSE:SSD) was the recipient of a large decrease in short interest in 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. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 218,000 shares, the days-to-cover ratio is presently 3.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new position in shares of Simpson Manufacturing in the 3rd quarter worth approximately $30,000. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing during the third quarter worth $34,000. Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing during the third quarter valued at $37,000. Millburn Ridgefield Corp acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter valued at $51,000. Finally, Huntington National Bank grew its holdings in shares of Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after purchasing an additional 142 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 0.9 %

Shares of SSD opened at $188.40 on Monday. The stock’s 50-day moving average price is $186.53 and its 200 day moving average price is $178.81. 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 capitalization of $7.94 billion, a price-to-earnings 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.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The firm 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%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.43 earnings per share. As a group, research analysts predict that Simpson Manufacturing will post 7.55 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research note 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.