Dimensional Fund Advisors LP Reduces Stake in Simpson Manufacturing Company, Inc. $SSD

Dimensional Fund Advisors LP decreased its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 846,526 shares of the construction company’s stock after selling 16,599 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.04% of Simpson Manufacturing worth $141,758,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burgundy Asset Management Ltd. raised its holdings in Simpson Manufacturing by 3.0% during the second quarter. Burgundy Asset Management Ltd. now owns 693,775 shares of the construction company’s stock worth $107,750,000 after purchasing an additional 20,240 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Simpson Manufacturing by 33.6% during the 2nd quarter. First Trust Advisors LP now owns 514,406 shares of the construction company’s stock worth $79,893,000 after buying an additional 129,354 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Simpson Manufacturing by 24.2% in the 2nd quarter. Champlain Investment Partners LLC now owns 501,850 shares of the construction company’s stock valued at $77,942,000 after buying an additional 97,856 shares in the last quarter. Norges Bank purchased a new position in shares of Simpson Manufacturing in the 2nd quarter valued at $77,528,000. Finally, Maren Capital LLC grew its position in shares of Simpson Manufacturing by 18.0% in the 2nd quarter. Maren Capital LLC now owns 381,519 shares of the construction company’s stock valued at $59,254,000 after buying an additional 58,294 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SSD. Weiss Ratings cut shares of Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Robert W. Baird set a $222.00 price objective on Simpson Manufacturing in a report on Tuesday, February 10th. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday. DA Davidson upped their target price on Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Wednesday, February 11th. Finally, Stephens set a $200.00 price target on Simpson Manufacturing in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing currently has an average rating of “Hold” and a consensus target price of $207.33.

Simpson Manufacturing Trading Down 1.8%

Shares of Simpson Manufacturing stock opened at $181.73 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.99 and a current ratio of 3.54. The company has a market capitalization of $7.52 billion, a P/E ratio of 22.03 and a beta of 1.35. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $211.98. The company’s fifty day moving average is $187.23 and its two-hundred day moving average is $178.70.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 9th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. Simpson Manufacturing had a return on equity of 17.63% and a net margin of 14.79%.The firm had revenue of $539.35 million during the quarter, compared to the consensus estimate of $530.70 million. During the same period in the prior year, the business earned $1.31 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio is 14.06%.

Insider Buying and Selling at Simpson Manufacturing

In related news, Director Philip E. Donaldson sold 2,375 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $168.16, for a total transaction of $399,380.00. Following the completion of the sale, the director directly owned 6,086 shares of the company’s stock, valued at $1,023,421.76. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.39% of the stock is currently owned by corporate insiders.

Simpson Manufacturing 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.