Royce & Associates LP Raises Stake in Simpson Manufacturing Company, Inc. $SSD

Royce & Associates LP grew its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 11.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 291,046 shares of the construction company’s stock after acquiring an additional 30,418 shares during the period. Royce & Associates LP’s holdings in Simpson Manufacturing were worth $46,995,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 worth $25,000 after purchasing an additional 92 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Simpson Manufacturing by 322.5% in 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 in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth about $28,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Simpson Manufacturing in the 3rd quarter worth about $34,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Simpson Manufacturing by 98.0% in 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 in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SSD shares. Stephens boosted their price objective on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Stifel Nicolaus boosted their price objective on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. DA Davidson boosted their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Wall Street Zen lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing has an average rating of “Moderate Buy” and an average price target of $214.75.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $185.26 on Tuesday. The firm’s 50-day simple moving average is $178.92 and its 200 day simple moving average is $178.39. Simpson Manufacturing Company, Inc. has a 52 week low of $151.38 and a 52 week high of $211.98. The firm has a market capitalization of $7.62 billion, a PE ratio of 21.72 and a beta of 1.34. The company has a quick ratio of 2.02, a current ratio of 3.40 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.29. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.72%. The firm had revenue of $587.96 million during the quarter, compared to the consensus estimate of $550.08 million. During the same quarter in the previous year, the company posted $1.85 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Simpson Manufacturing Company, Inc. will post 9.18 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

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

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.