Simpson Manufacturing Company, Inc. $SSD Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 11.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 291,046 shares of the construction company’s stock after acquiring an additional 30,418 shares during the quarter. Royce & Associates LP owned 0.70% of Simpson Manufacturing worth $46,995,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SSD. EverSource Wealth Advisors LLC raised its holdings in Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after acquiring an additional 92 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 129 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Simpson Manufacturing during the fourth quarter worth approximately $28,000. Brown Brothers Harriman & Co. acquired a new stake in Simpson Manufacturing during the third quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. raised its holdings in 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 purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $185.26 on Tuesday. The firm’s fifty day simple moving average is $178.92 and its 200-day simple moving average is $178.39. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 21.72 and a beta of 1.34. Simpson Manufacturing Company, Inc. has a 12 month low of $151.38 and a 12 month high of $211.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.40 and a quick ratio of 2.02.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, April 27th. The construction company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. The business had revenue of $587.96 million for the quarter, compared to analysts’ expectations of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.85 EPS. As a group, equities analysts forecast that Simpson Manufacturing Company, Inc. will post 9.18 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be given a $0.30 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, July 2nd. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing’s payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SSD. Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. DA Davidson raised their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Stephens raised their price objective on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $214.75.

About Simpson Manufacturing

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.