45,200 Shares in Simpson Manufacturing Company, Inc. $SSD Bought by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC bought a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,200 shares of the construction company’s stock, valued at approximately $9,463,000.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Simpson Manufacturing by 33.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock worth $37,000 after buying an additional 57 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Simpson Manufacturing by 0.6% in the fourth quarter. SkyView Investment Advisors LLC now owns 12,268 shares of the construction company’s stock worth $1,981,000 after buying an additional 77 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Simpson Manufacturing by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company’s stock valued at $4,236,000 after buying an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC lifted 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 valued at $25,000 after buying an additional 92 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Simpson Manufacturing by 3.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,613 shares of the construction company’s stock valued at $422,000 after buying an additional 92 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SSD shares. Wall Street Zen lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. DA Davidson lifted their price target on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Stifel Nicolaus upped their price target on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Hold” and an average target price of $216.25.

Simpson Manufacturing Trading Up 0.4%

Shares of SSD opened at $188.66 on Friday. The stock has a market capitalization of $7.76 billion, a PE ratio of 20.62 and a beta of 1.31. The company’s fifty day moving average is $194.66 and its 200 day moving average is $188.55. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 3.29. Simpson Manufacturing Company, Inc. has a fifty-two week low of $156.32 and a fifty-two week high of $213.49.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.37. The firm had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 EPS. Sell-side analysts expect that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 1st. Simpson Manufacturing’s payout ratio is presently 13.11%.

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.