Allspring Global Investments Holdings LLC Sells 6,456 Shares of Simpson Manufacturing Company, Inc. $SSD

Allspring Global Investments Holdings LLC lowered its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 324,491 shares of the construction company’s stock after selling 6,456 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.78% of Simpson Manufacturing worth $53,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of Simpson Manufacturing by 2.1% in the 3rd quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the construction company’s stock worth $475,000 after purchasing an additional 58 shares in the last quarter. World Investment Advisors boosted its position in shares of Simpson Manufacturing by 1.5% during the third quarter. World Investment Advisors now owns 5,092 shares of the construction company’s stock valued at $853,000 after buying an additional 75 shares during the last quarter. MGO One Seven LLC increased its holdings in Simpson Manufacturing by 1.1% in the 3rd quarter. MGO One Seven LLC now owns 8,234 shares of the construction company’s stock worth $1,379,000 after buying an additional 87 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in Simpson Manufacturing by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company’s stock worth $4,236,000 after buying an additional 89 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC raised its position in Simpson Manufacturing by 1.2% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 7,643 shares of the construction company’s stock worth $1,280,000 after buying an additional 90 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Down 0.2%

Simpson Manufacturing stock opened at $171.22 on Thursday. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $211.98. The company has a market cap of $7.05 billion, a P/E ratio of 20.75 and a beta of 1.37. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18. The business has a 50-day simple moving average of $186.23 and a two-hundred day simple moving average of $176.69.

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

Simpson Manufacturing Announces Dividend

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

Analyst Ratings Changes

SSD has been the topic of several research analyst reports. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. DA Davidson boosted their price objective on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, February 11th. Robert W. Baird set a $222.00 price objective on shares of Simpson Manufacturing in a research report on Tuesday, February 10th. Stephens set a $200.00 target price on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Finally, Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $207.33.

Simpson Manufacturing Company 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.