Ceredex Value Advisors LLC Purchases 14,725 Shares of Simpson Manufacturing Company, Inc. $SSD

Ceredex Value Advisors LLC raised its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 22.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,375 shares of the construction company’s stock after buying an additional 14,725 shares during the period. Ceredex Value Advisors LLC owned about 0.20% of Simpson Manufacturing worth $12,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC boosted its holdings in Simpson Manufacturing by 39.1% during the 1st quarter. CWM LLC now owns 331 shares of the construction company’s stock valued at $52,000 after acquiring an additional 93 shares during the period. Cetera Investment Advisers boosted its stake in shares of Simpson Manufacturing by 17.0% during the first quarter. Cetera Investment Advisers now owns 5,047 shares of the construction company’s stock valued at $793,000 after purchasing an additional 734 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Simpson Manufacturing by 7.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,559 shares of the construction company’s stock worth $1,816,000 after purchasing an additional 769 shares during the last quarter. LPL Financial LLC increased its stake in Simpson Manufacturing by 2.5% in the 1st quarter. LPL Financial LLC now owns 10,157 shares of the construction company’s stock worth $1,596,000 after buying an additional 244 shares during the period. Finally, XTX Topco Ltd bought a new stake in Simpson Manufacturing during the 1st quarter valued at about $1,119,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SSD shares. Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. DA Davidson reiterated a “neutral” rating and issued a $190.00 price target on shares of Simpson Manufacturing in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $201.00.

Simpson Manufacturing Stock Performance

SSD stock opened at $167.38 on Friday. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 20.39 and a beta of 1.27. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.80 and a current ratio of 3.35. The firm has a 50-day simple moving average of $170.31 and a two-hundred day simple moving average of $170.97.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, topping the consensus estimate of $2.37 by $0.21. The firm had revenue of $623.51 million during the quarter, compared to analyst estimates of $607.79 million. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. Simpson Manufacturing’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 EPS. On average, equities analysts forecast that Simpson Manufacturing Company, 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, January 22nd. Stockholders of record on Friday, January 2nd will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 14.13%.

Simpson Manufacturing 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.