Roundview Capital LLC acquired a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,284 shares of the construction company’s stock, valued at approximately $530,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Apollon Wealth Management LLC lifted its position in shares of Simpson Manufacturing by 1.3% during the 4th quarter. Apollon Wealth Management LLC now owns 4,927 shares of the construction company’s stock worth $796,000 after buying an additional 62 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Simpson Manufacturing by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company’s stock valued at $4,236,000 after purchasing an additional 89 shares during the last quarter. NewEdge Wealth LLC raised its position in Simpson Manufacturing by 0.3% in the third quarter. NewEdge Wealth LLC now owns 29,280 shares of the construction company’s stock valued at $4,968,000 after purchasing an additional 92 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Simpson Manufacturing by 135.3% in the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after purchasing an additional 92 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Simpson Manufacturing by 4.6% in the second quarter. Tidal Investments LLC now owns 2,120 shares of the construction company’s stock valued at $329,000 after purchasing an additional 94 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SSD has been the subject of several research reports. Stephens increased their target price on Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Robert W. Baird increased their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. DA Davidson increased their target price on Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.75.
Simpson Manufacturing Trading Up 0.7%
Shares of SSD stock opened at $190.95 on Thursday. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 22.39 and a beta of 1.34. The stock has a 50-day moving average of $179.41 and a 200-day moving average of $178.69. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. Simpson Manufacturing Company, Inc. has a 1-year low of $151.38 and a 1-year high of $211.98.
Simpson Manufacturing (NYSE:SSD – Get Free Report) last issued its quarterly 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 return on equity of 17.72% and a net margin of 14.92%.The company had revenue of $587.96 million during the quarter, compared to analysts’ expectations of $550.08 million. During the same quarter in the prior year, the firm posted $1.85 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.18 earnings per share for the current year.
Simpson Manufacturing Increases Dividend
The firm 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 dividend of $0.30 per share. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 2nd. Simpson Manufacturing’s payout ratio is 13.60%.
About Simpson Manufacturing
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.
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