Snyder Capital Management L P Decreases Holdings in Simpson Manufacturing Company, Inc. $SSD

Snyder Capital Management L P reduced its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 223,246 shares of the construction company’s stock after selling 3,563 shares during the period. Snyder Capital Management L P’s holdings in Simpson Manufacturing were worth $37,385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. South Dakota Investment Council grew its stake in shares of Simpson Manufacturing by 2.2% in the third quarter. South Dakota Investment Council now owns 18,436 shares of the construction company’s stock valued at $3,087,000 after buying an additional 400 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in Simpson Manufacturing during the 3rd quarter worth approximately $204,000. Fisher Asset Management LLC boosted its holdings in Simpson Manufacturing by 5.6% in the 3rd quarter. Fisher Asset Management LLC now owns 143,661 shares of the construction company’s stock worth $24,057,000 after acquiring an additional 7,656 shares during the period. Royce & Associates LP boosted its holdings in Simpson Manufacturing by 28.6% in the 3rd quarter. Royce & Associates LP now owns 260,628 shares of the construction company’s stock worth $43,645,000 after acquiring an additional 58,002 shares during the period. Finally, Rafferty Asset Management LLC grew its position in Simpson Manufacturing by 117.6% in the third quarter. Rafferty Asset Management LLC now owns 33,651 shares of the construction company’s stock valued at $5,635,000 after acquiring an additional 18,186 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

SSD opened at $191.43 on Thursday. The company has a market capitalization of $7.93 billion, a P/E ratio of 23.20 and a beta of 1.35. The company has a 50-day moving average of $185.71 and a 200-day moving average of $178.93. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.99 and a current ratio of 3.54. Simpson Manufacturing Company, Inc. has a 1-year low of $137.35 and a 1-year high of $211.98.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results 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 business had revenue of $539.35 million during the quarter, compared to the consensus estimate of $530.70 million. Simpson Manufacturing had a return on equity of 17.63% and a net margin of 14.79%.The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $1.31 earnings per share. Equities analysts expect that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

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 given a $0.29 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.06%.

Insider Buying and Selling at Simpson Manufacturing

In related news, Director Philip E. Donaldson sold 2,375 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $168.16, for a total transaction of $399,380.00. Following the sale, the director directly owned 6,086 shares of the company’s stock, valued at approximately $1,023,421.76. This represents a 28.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the topic of a number of recent research reports. Robert W. Baird set a $222.00 target price on shares of Simpson Manufacturing in a research report on Tuesday, February 10th. Wall Street Zen raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Stephens set a $200.00 price objective on shares of Simpson Manufacturing in a report on Tuesday, February 10th. DA Davidson raised their target price on Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings lowered Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $207.33.

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.