Simpson Manufacturing Co. Inc. (SSD, Financial) filed Annual Report for the period ended 2010-12-31.
Simpson Manufacturing Co. Inc. has a market cap of $1.43 billion; its shares were traded at around $28.96 with a P/E ratio of 28.39 and P/S ratio of 2.58. The dividend yield of Simpson Manufacturing Co. Inc. stocks is 1.38%.Hedge Fund Gurus that owns SSD: Joel Greenblatt of Gotham Capital, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns SSD: Chuck Royce of Royce& Associates, James Barrow of Barrow, Hanley, Mewhinney & Strauss, Columbia Wanger of Columbia Wanger Asset Management, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc.
SST commits substantial resources to new product development. The majority of SSTs products have been developed through its internal research and development program. SSTs research and development expense for the three years ended December 31, 2010, 2009 and 2008, was $6,535,000, $5,884,000 and $6,148,000, respectively. SST is the only known United States manufacturer with the capability to test multi-story wall systems, thus enabling testing rather than calculations alone to prove system performance. SST engineering, sales, product management, and marketing teams work together with architects, engineers, building inspectors, code officials and customers in the new product development process.
In April 2008, the Companys subsidiary, Simpson Strong-Tie Ireland Limited, purchased certain assets of Liebig International Ltd., an Irish company, Heinrich Liebig StahldĂĽbelwerke GmbH, Liebig GmbH & Co. KG and Liebig International Verwaltungsgesellschaft GmbH, all German companies, Liebig Bolts Limited, an English company, and Liebig International Inc., a Virginia corporation (collectively Liebig). Liebig manufactures mechanical anchor products in Ireland and distributes them primarily throughout Europe through warehouses located in Germany and the United Kingdom. Liebig expands the Companys anchor product offerings primarily outside of North America. The purchase price was $19.2 million in cash, including due diligence and transaction costs. The Company recorded goodwill of $7.6 million and intangible assets subject to amortization of $2.7 million as a result of the acquisition. Tangible assets, including real estate, machinery and equipment, inventory and trade accounts receivable, accounted for the balance of the purchase price.
In July 2008, Simpson Strong-Tie purchased the equity of Ahorn-Geräte & Werkzeuge Vertriebs GmbH, a German company, and its subsidiaries Ahorn Upevnovaci Technika s.r.o., a Czech company, and Ahorn Pacific Fasteners (Kunshan) Co., Ltd., a Chinese company (collectively Ahorn). The acquisition broadened Simpson Strong-Ties collated fastener product line and added production capacity in both Europe and China. The purchase price was $9.2 million in cash, including due diligence and transaction costs. The Company recorded goodwill of $3.3 million and intangible assets subject to amortization of $3.9 million as a result of the acquisition. Net tangible assets, including machinery and equipment, inventory and trade accounts receivable, accounted for the balance of the purchase price.
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Simpson Manufacturing Co. Inc. has a market cap of $1.43 billion; its shares were traded at around $28.96 with a P/E ratio of 28.39 and P/S ratio of 2.58. The dividend yield of Simpson Manufacturing Co. Inc. stocks is 1.38%.Hedge Fund Gurus that owns SSD: Joel Greenblatt of Gotham Capital, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns SSD: Chuck Royce of Royce& Associates, James Barrow of Barrow, Hanley, Mewhinney & Strauss, Columbia Wanger of Columbia Wanger Asset Management, Ruane Cunniff of Ruane & Cunniff & Goldfarb Inc.
Highlight of Business Operations:
As of June 30, 2010, there were outstanding 49,426,053 shares of the registrants common stock, par value $0.01, which is the only outstanding class of common or voting stock of the registrant. The aggregate market value of the shares of common stock held by nonaffiliates of the registrant (based on the closing price for the common stock on the New York Stock Exchange on June 30, 2010) was approximately $970,120,010. As of February 14, 2011, 50,108,673 shares of the registrants common stock were outstanding.SST commits substantial resources to new product development. The majority of SSTs products have been developed through its internal research and development program. SSTs research and development expense for the three years ended December 31, 2010, 2009 and 2008, was $6,535,000, $5,884,000 and $6,148,000, respectively. SST is the only known United States manufacturer with the capability to test multi-story wall systems, thus enabling testing rather than calculations alone to prove system performance. SST engineering, sales, product management, and marketing teams work together with architects, engineers, building inspectors, code officials and customers in the new product development process.
In April 2008, the Companys subsidiary, Simpson Strong-Tie Ireland Limited, purchased certain assets of Liebig International Ltd., an Irish company, Heinrich Liebig StahldĂĽbelwerke GmbH, Liebig GmbH & Co. KG and Liebig International Verwaltungsgesellschaft GmbH, all German companies, Liebig Bolts Limited, an English company, and Liebig International Inc., a Virginia corporation (collectively Liebig). Liebig manufactures mechanical anchor products in Ireland and distributes them primarily throughout Europe through warehouses located in Germany and the United Kingdom. Liebig expands the Companys anchor product offerings primarily outside of North America. The purchase price was $19.2 million in cash, including due diligence and transaction costs. The Company recorded goodwill of $7.6 million and intangible assets subject to amortization of $2.7 million as a result of the acquisition. Tangible assets, including real estate, machinery and equipment, inventory and trade accounts receivable, accounted for the balance of the purchase price.
In July 2008, Simpson Strong-Tie purchased the equity of Ahorn-Geräte & Werkzeuge Vertriebs GmbH, a German company, and its subsidiaries Ahorn Upevnovaci Technika s.r.o., a Czech company, and Ahorn Pacific Fasteners (Kunshan) Co., Ltd., a Chinese company (collectively Ahorn). The acquisition broadened Simpson Strong-Ties collated fastener product line and added production capacity in both Europe and China. The purchase price was $9.2 million in cash, including due diligence and transaction costs. The Company recorded goodwill of $3.3 million and intangible assets subject to amortization of $3.9 million as a result of the acquisition. Net tangible assets, including machinery and equipment, inventory and trade accounts receivable, accounted for the balance of the purchase price.
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