Maren Capital LLC Acquires 46,129 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Maren Capital LLC grew its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 19.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 287,652 shares of the construction company’s stock after purchasing an additional 46,129 shares during the period. Simpson Manufacturing accounts for about 3.6% of Maren Capital LLC’s investment portfolio, making the stock its 14th largest holding. Maren Capital LLC’s holdings in Simpson Manufacturing were worth $47,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SSD. New York Life Investment Management LLC bought a new stake in Simpson Manufacturing during the fourth quarter valued at approximately $738,000. Diversified Trust Co purchased a new position in Simpson Manufacturing in the fourth quarter worth $591,000. Geode Capital Management LLC increased its stake in Simpson Manufacturing by 1.0% in the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company’s stock valued at $135,390,000 after acquiring an additional 7,351 shares during the last quarter. Van ECK Associates Corp raised its position in Simpson Manufacturing by 29.3% during the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company’s stock valued at $5,979,000 after purchasing an additional 8,170 shares in the last quarter. Finally, Financial Advocates Investment Management bought a new stake in Simpson Manufacturing during the fourth quarter worth about $401,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $147.36 on Monday. The company has a 50-day simple moving average of $163.27 and a two-hundred day simple moving average of $174.19. Simpson Manufacturing Co., Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 19.39 and a beta of 1.33. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. On average, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SSD shares. DA Davidson reduced their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird reduced their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.