Simpson Manufacturing Company, Inc. $SSD Shares Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC raised its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 20.1% during the fourth quarter, HoldingsChannel reports. The firm owned 78,115 shares of the construction company’s stock after purchasing an additional 13,071 shares during the quarter. Kennedy Capital Management LLC’s holdings in Simpson Manufacturing were worth $12,613,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SSD. Bank of Montreal Can increased its stake in Simpson Manufacturing by 11,044.7% during the 4th quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after purchasing an additional 672,402 shares in the last quarter. Norges Bank acquired a new position in Simpson Manufacturing during the 4th quarter valued at approximately $85,140,000. Victory Capital Management Inc. boosted its holdings in shares of Simpson Manufacturing by 6,234.7% in the 4th quarter. Victory Capital Management Inc. now owns 397,947 shares of the construction company’s stock valued at $64,257,000 after acquiring an additional 391,665 shares during the last quarter. Capital International Investors boosted its holdings in shares of Simpson Manufacturing by 93.7% in the 4th quarter. Capital International Investors now owns 663,195 shares of the construction company’s stock valued at $107,086,000 after acquiring an additional 320,870 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Simpson Manufacturing by 56.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 494,394 shares of the construction company’s stock valued at $79,830,000 after acquiring an additional 179,332 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on SSD. DA Davidson upped their price objective 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. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Stifel Nicolaus upped their price objective on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Stephens upped their price objective on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Simpson Manufacturing has an average rating of “Moderate Buy” and a consensus price target of $214.75.

Simpson Manufacturing Stock Performance

NYSE:SSD opened at $192.48 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 3.40. The company has a fifty day moving average of $183.61 and a two-hundred day moving average of $180.84. The stock has a market capitalization of $7.92 billion, a PE ratio of 22.57 and a beta of 1.32. Simpson Manufacturing Company, Inc. has a fifty-two week low of $151.38 and a fifty-two week high of $211.98.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. The company had revenue of $587.96 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $1.85 earnings per share. As a group, research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.30 per share. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.29. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, July 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 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.