Simpson Manufacturing Company, Inc. $SSD Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 143,661 shares of the construction company’s stock after acquiring an additional 7,656 shares during the quarter. Fisher Asset Management LLC’s holdings in Simpson Manufacturing were worth $24,057,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Simpson Manufacturing by 135.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after purchasing an additional 92 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 buying an additional 129 shares in the last quarter. Hantz Financial Services Inc. grew its position 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 buying an additional 144 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Simpson Manufacturing in the third quarter valued at about $56,000. Finally, Sprucegrove Investment Management Ltd. purchased a new position in Simpson Manufacturing in the second quarter valued at about $62,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Activity

In related news, Director Philip E. Donaldson sold 2,375 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $168.16, for a total transaction of $399,380.00. Following the sale, the director owned 6,086 shares in the company, valued at approximately $1,023,421.76. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.39% of the company’s stock.

Simpson Manufacturing Stock Down 1.2%

Shares of NYSE:SSD opened at $190.65 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $211.98. The stock’s fifty day simple moving average is $185.21 and its 200-day simple moving average is $178.85. The company has a market capitalization of $7.89 billion, a P/E ratio of 23.11 and a beta of 1.35.

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

Simpson Manufacturing Announces Dividend

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

Analysts Set New Price Targets

SSD has been the topic of a number of research reports. Weiss Ratings cut Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. DA Davidson upped their target price on Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Stephens set a $200.00 price target 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, Robert W. Baird set a $222.00 target price on shares of Simpson Manufacturing in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Hold” and an average target price 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.