Schroder Investment Management Group Has $25.22 Million Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Schroder Investment Management Group lessened its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 6.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 150,533 shares of the construction company’s stock after selling 10,789 shares during the period. Schroder Investment Management Group owned approximately 0.36% of Simpson Manufacturing worth $25,223,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its holdings in Simpson Manufacturing by 135.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after purchasing an additional 92 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Simpson Manufacturing by 322.5% during the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after buying an additional 129 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Simpson Manufacturing by 98.0% during the third quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock worth $49,000 after buying an additional 144 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth approximately $56,000. Finally, CWM LLC raised its stake in shares of Simpson Manufacturing by 84.8% in the third quarter. CWM LLC now owns 632 shares of the construction company’s stock valued at $106,000 after acquiring an additional 290 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SSD has been the topic of several recent analyst reports. DA Davidson boosted their target price on Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Weiss Ratings downgraded Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Robert W. Baird set a $222.00 price objective on Simpson Manufacturing in a research note on Tuesday, February 10th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Stephens set a $200.00 price target on Simpson Manufacturing in a report on Tuesday, February 10th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $207.33.

Simpson Manufacturing Stock Performance

Simpson Manufacturing stock opened at $178.10 on Friday. The company has a market cap of $7.37 billion, a PE ratio of 21.59 and a beta of 1.35. The company has a current ratio of 3.54, a quick ratio of 1.99 and a debt-to-equity ratio of 0.18. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $211.98. The company’s 50-day moving average is $187.96 and its two-hundred day moving average is $178.71.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 9th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The business had revenue of $539.35 million during the quarter, compared to the consensus estimate of $530.70 million. During the same period in the previous year, the firm posted $1.31 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 annualized dividend and a dividend yield of 0.7%. Simpson Manufacturing’s payout ratio is presently 14.06%.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.