Federated Hermes Inc. Boosts Stake in Simpson Manufacturing Company, Inc. $SSD

Federated Hermes Inc. raised its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 310,027 shares of the construction company’s stock after acquiring an additional 4,290 shares during the period. Federated Hermes Inc. owned approximately 0.74% of Simpson Manufacturing worth $51,917,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SSD. AQR Capital Management LLC lifted its position in Simpson Manufacturing by 51.3% during the first quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock valued at $798,000 after purchasing an additional 1,726 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Simpson Manufacturing by 11.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock valued at $427,000 after buying an additional 286 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Simpson Manufacturing during the 1st quarter worth $531,000. Goldman Sachs Group Inc. grew its position in Simpson Manufacturing by 43.3% in the first quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock worth $33,327,000 after acquiring an additional 64,114 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Simpson Manufacturing by 11.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock valued at $19,022,000 after acquiring an additional 12,865 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Stock Up 0.3%

Shares of Simpson Manufacturing stock opened at $177.92 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.88 and a current ratio of 3.35. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The company’s 50 day moving average price is $171.96 and its 200-day moving average price is $175.24. The stock has a market capitalization of $7.38 billion, a price-to-earnings ratio of 21.67 and a beta of 1.37.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.21. The business had revenue of $623.51 million for 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%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.21 EPS. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued 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 is 14.13%.

Insider Activity at Simpson Manufacturing

In related news, Director Philip E. Donaldson sold 2,375 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $168.16, for a total transaction of $399,380.00. Following the transaction, the director owned 6,086 shares in the company, valued at $1,023,421.76. The trade was a 28.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. DA Davidson set a $190.00 price target on Simpson Manufacturing in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, January 21st. Finally, Robert W. Baird boosted their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. One research 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 presently has a consensus rating of “Hold” and a consensus price target of $201.00.

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.