Federated Hermes Inc. lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 378,094 shares of the construction company's stock after purchasing an additional 56,670 shares during the quarter. Federated Hermes Inc. owned about 0.90% of Simpson Manufacturing worth $62,699,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in SSD. New York Life Investment Management LLC acquired a new stake in Simpson Manufacturing in the 4th quarter worth about $738,000. Diversified Trust Co purchased a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $591,000. Geode Capital Management LLC increased its position in Simpson Manufacturing by 1.0% during the third quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock worth $135,390,000 after purchasing an additional 7,351 shares during the last quarter. Van ECK Associates Corp increased 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 worth $5,979,000 after purchasing an additional 8,170 shares during the last quarter. Finally, Financial Advocates Investment Management purchased a new position in Simpson Manufacturing during the fourth quarter worth approximately $401,000. Hedge funds and other institutional investors own 93.68% of the company's stock.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Robert W. Baird cut their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. 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 note on Tuesday, March 11th.
Get Our Latest Stock Analysis on Simpson Manufacturing
Simpson Manufacturing Stock Up 1.3 %
NYSE:SSD traded up $1.97 during mid-day trading on Friday, hitting $149.80. The company had a trading volume of 223,308 shares, compared to its average volume of 287,084. The business has a fifty day simple moving average of $160.29 and a 200-day simple moving average of $172.22. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 19.71 and a beta of 1.33. Simpson Manufacturing Co., Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, February 10th. The construction company reported $1.31 EPS 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%. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.
Simpson Manufacturing Dividend Announcement
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. This represents a $1.12 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.
Insiders Place Their Bets
In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company's stock, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.39% of the stock is currently owned by company insiders.
About Simpson Manufacturing
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Free Report)
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.
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