Conestoga Capital Advisors LLC Has $137.15 Million Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Conestoga Capital Advisors LLC trimmed its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 849,350 shares of the construction company’s stock after selling 33,011 shares during the quarter. Simpson Manufacturing comprises about 2.3% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. Conestoga Capital Advisors LLC’s holdings in Simpson Manufacturing were worth $137,145,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SSD. EverSource Wealth Advisors LLC raised its stake in 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 buying an additional 92 shares during the period. Smartleaf Asset Management LLC raised its stake in Simpson Manufacturing by 322.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after buying an additional 129 shares during the period. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing during the 4th quarter worth approximately $28,000. Brown Brothers Harriman & Co. acquired a new position in Simpson Manufacturing during the 3rd quarter worth approximately $34,000. Finally, Hantz Financial Services Inc. raised its stake in Simpson Manufacturing by 98.0% during the 3rd 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. 93.68% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SSD has been the topic of a number of research reports. Stephens upped their price target on Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Robert W. Baird upped their price target on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday. Weiss Ratings downgraded Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 2nd. Stifel Nicolaus upped their price target on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, DA Davidson increased their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Simpson Manufacturing presently has a consensus rating of “Hold” and an average price target of $214.75.

Simpson Manufacturing Trading Up 1.0%

Shares of Simpson Manufacturing stock opened at $190.62 on Friday. The stock has a fifty day simple moving average of $180.16 and a 200 day simple moving average of $177.21. Simpson Manufacturing Company, Inc. has a 12-month low of $151.38 and a 12-month high of $211.98. The company has a market capitalization of $7.85 billion, a P/E ratio of 22.35 and a beta of 1.37. The company has a current ratio of 3.40, a quick ratio of 1.99 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last announced 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. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The business had revenue of $587.96 million during the quarter, compared to the consensus estimate of $550.08 million. During the same quarter in the prior year, the company posted $1.85 earnings per share. Simpson Manufacturing’s revenue was up 9.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.07 earnings per share for the current fiscal year.

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.