Maren Capital LLC Acquires 46,129 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Maren Capital LLC lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 19.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 287,652 shares of the construction company's stock after buying an additional 46,129 shares during the period. Simpson Manufacturing comprises about 3.6% of Maren Capital LLC's portfolio, making the stock its 14th biggest holding. Maren Capital LLC owned about 0.68% of Simpson Manufacturing worth $47,701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SSD. Norges Bank acquired a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $73,758,000. Riverbridge Partners LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $58,414,000. Raymond James Financial Inc. bought a new stake in Simpson Manufacturing during the 4th quarter worth $54,644,000. Wealthfront Advisers LLC acquired a new position in Simpson Manufacturing in the 4th quarter worth about $15,603,000. Finally, Janney Montgomery Scott LLC raised its position in Simpson Manufacturing by 1,473.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company's stock valued at $13,310,000 after purchasing an additional 75,162 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on SSD. Robert W. Baird cut their target price on shares of 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 lowered their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

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Simpson Manufacturing Stock Up 1.3 %

Simpson Manufacturing stock traded up $1.97 during midday trading on Friday, reaching $149.80. The stock had a trading volume of 223,308 shares, compared to its average volume of 287,084. The company has a fifty day moving average price of $160.29 and a two-hundred day moving average price of $172.22. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month 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. The company has a market capitalization of $6.29 billion, a P/E ratio of 19.71 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data 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%. As a group, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm's stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.39% of the company's stock.

Simpson Manufacturing Company Profile

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.