Champlain Investment Partners LLC Decreases Position in Simpson Manufacturing Company, Inc. $SSD

Champlain Investment Partners LLC reduced its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 447,314 shares of the construction company’s stock after selling 54,536 shares during the period. Champlain Investment Partners LLC’s holdings in Simpson Manufacturing were worth $74,907,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after buying an additional 92 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Simpson Manufacturing by 322.5% in the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock valued at $28,000 after acquiring an additional 129 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Simpson Manufacturing by 98.0% in the third quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after acquiring an additional 144 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Simpson Manufacturing during the third quarter worth about $56,000. Finally, Sprucegrove Investment Management Ltd. acquired a new stake in shares of Simpson Manufacturing during the second quarter worth about $62,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Down 0.4%

NYSE:SSD opened at $192.70 on Tuesday. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $211.98. The company has a current ratio of 3.54, a quick ratio of 1.99 and a debt-to-equity ratio of 0.18. The stock’s 50 day simple moving average is $184.70 and its 200-day simple moving average is $178.82. The firm has a market cap of $7.99 billion, a P/E ratio of 23.36 and a beta of 1.35.

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

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. Simpson Manufacturing’s payout ratio is presently 14.06%.

Insider Activity

In related news, Director Philip E. Donaldson sold 2,375 shares of the stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $168.16, for a total transaction of $399,380.00. Following the completion of the transaction, the director directly owned 6,086 shares of the company’s stock, valued at $1,023,421.76. This represents a 28.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.39% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Stephens set a $200.00 target price on Simpson Manufacturing in a report on Tuesday, February 10th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 12th. Robert W. Baird set a $222.00 price objective on Simpson Manufacturing in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson lifted their target price on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Simpson Manufacturing currently has a consensus rating of “Moderate Buy” and a consensus price target of $207.33.

Simpson Manufacturing 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.