GW&K Investment Management LLC lowered its position in Simpson Manufacturing Company, Inc. (NYSE:SSD – Free Report) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 219,270 shares of the construction company’s stock after selling 12,217 shares during the period. GW&K Investment Management LLC’s holdings in Simpson Manufacturing were worth $35,406,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in shares of 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. Smartleaf Asset Management LLC raised its holdings in shares of Simpson Manufacturing by 322.5% in the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock valued at $28,000 after purchasing an additional 129 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $28,000. Los Angeles Capital Management LLC purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $32,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Simpson Manufacturing in the third quarter valued at about $34,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.
Simpson Manufacturing Stock Performance
NYSE SSD opened at $186.44 on Thursday. Simpson Manufacturing Company, Inc. has a 52-week low of $151.38 and a 52-week high of $211.98. The company has a 50-day simple moving average of $182.73 and a 200 day simple moving average of $180.41. 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 market capitalization of $7.67 billion, a PE ratio of 21.86 and a beta of 1.32.
Simpson Manufacturing Increases Dividend
The firm also recently announced 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 13.60%.
Analyst Ratings Changes
Several analysts have recently commented on SSD shares. Stephens increased their target price 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. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. DA Davidson increased their price target on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Finally, Robert W. Baird raised their price objective on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Three research 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $214.75.
Read Our Latest Analysis on Simpson Manufacturing
Simpson Manufacturing Company 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.
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