Maren Capital LLC Buys 88,667 Shares of Simpson Manufacturing Company, Inc. $SSD

Maren Capital LLC raised its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 21.0% during the 4th quarter, Holdings Channel reports. The fund owned 511,756 shares of the construction company’s stock after acquiring an additional 88,667 shares during the period. Simpson Manufacturing makes up about 4.4% of Maren Capital LLC’s investment portfolio, making the stock its 12th largest position. Maren Capital LLC’s holdings in Simpson Manufacturing were worth $82,633,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Simpson Manufacturing by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock valued at $141,826,000 after acquiring an additional 31,744 shares during the period. Geode Capital Management LLC increased its position in Simpson Manufacturing by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock worth $123,603,000 after acquiring an additional 6,869 shares during the period. Bank of Montreal Can increased its position in Simpson Manufacturing by 11,044.7% during the fourth quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock worth $109,556,000 after acquiring an additional 672,402 shares during the period. Capital International Investors grew its position in shares of Simpson Manufacturing by 93.7% during the 4th quarter. Capital International Investors now owns 663,195 shares of the construction company’s stock worth $107,086,000 after purchasing an additional 320,870 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Simpson Manufacturing by 1.4% during the third quarter. Northern Trust Corp now owns 555,211 shares of the construction company’s stock worth $92,976,000 after purchasing an additional 7,552 shares during the period. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Down 0.3%

Shares of SSD opened at $192.48 on Monday. Simpson Manufacturing Company, Inc. has a 12 month low of $151.38 and a 12 month high of $211.98. The firm’s 50 day moving average is $183.61 and its 200-day moving average is $180.84. The stock has a market capitalization of $7.92 billion, a PE ratio of 22.57 and a beta of 1.32. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.29. The business had revenue of $587.96 million for the quarter, compared to analyst estimates of $550.08 million. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.17 EPS for the current year.

Simpson Manufacturing Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Robert W. Baird raised their target price 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. Stifel Nicolaus raised their target price on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Stephens raised their target price 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. DA Davidson raised their target price 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. Finally, Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $214.75.

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.