Simpson Manufacturing Company, Inc. $SSD Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC trimmed its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 36.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,676 shares of the construction company’s stock after selling 34,726 shares during the quarter. Argent Capital Management LLC owned 0.15% of Simpson Manufacturing worth $9,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in shares of Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after acquiring an additional 92 shares during the period. Smartleaf Asset Management LLC increased its holdings in Simpson Manufacturing by 322.5% in the 3rd 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. Brown Brothers Harriman & Co. acquired a new stake in Simpson Manufacturing in the 3rd quarter valued at approximately $34,000. Hantz Financial Services Inc. raised its position in Simpson Manufacturing by 98.0% in the third quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after purchasing an additional 144 shares during the period. Finally, Allworth Financial LP lifted its stake in Simpson Manufacturing by 40.3% during the third quarter. Allworth Financial LP now owns 331 shares of the construction company’s stock worth $55,000 after purchasing an additional 95 shares in the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wall Street Zen cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Stephens set a $200.00 target price on Simpson Manufacturing in a report on Tuesday, February 10th. DA Davidson boosted their price target on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 11th. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Robert W. Baird set a $222.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Moderate Buy” and a consensus price target of $207.33.

Simpson Manufacturing Trading Down 2.2%

NYSE:SSD opened at $171.11 on Friday. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $211.98. The firm has a market cap of $7.08 billion, a PE ratio of 20.74 and a beta of 1.35. The company has a current ratio of 3.54, a quick ratio of 1.99 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average price of $188.72 and a 200 day moving average price of $178.10.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, February 9th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Simpson Manufacturing had a return on equity of 17.63% and a net margin of 14.79%.The company had revenue of $539.35 million for the quarter, compared to analyst estimates of $530.70 million. During the same quarter last year, the company earned $1.31 EPS. Simpson Manufacturing’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 2nd. Simpson Manufacturing’s payout ratio is 14.06%.

About Simpson Manufacturing

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.