Simpson Manufacturing Co., Inc. (NYSE:SSD) Short Interest Down 15.9% in November

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

Simpson Manufacturing Stock Performance

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

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate 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 company’s quarterly 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 EPS. Research analysts forecast that Simpson Manufacturing will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st.

Institutional Trading of Simpson Manufacturing

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew 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 during the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Simpson Manufacturing during the 2nd quarter worth $35,884,000. The Manufacturers Life Insurance Company grew its holdings in shares of Simpson Manufacturing by 336.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 224,517 shares of the construction company’s stock worth $37,838,000 after acquiring an additional 173,097 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Simpson Manufacturing by 1,020.1% during the third quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after purchasing an additional 127,345 shares during the period. Finally, Nia Impact Advisors LLC purchased a new stake in shares of Simpson Manufacturing during the second quarter valued at $15,010,000. 93.68% of the stock is owned by institutional investors and hedge funds.

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.