Federated Hermes Inc. Purchases 56,670 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Federated Hermes Inc. lifted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 378,094 shares of the construction company’s stock after purchasing an additional 56,670 shares during the period. Federated Hermes Inc. owned 0.90% of Simpson Manufacturing worth $62,699,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $73,758,000. Riverbridge Partners LLC acquired a new stake in Simpson Manufacturing in the 4th quarter worth about $58,414,000. Raymond James Financial Inc. bought a new stake in Simpson Manufacturing in the 4th quarter valued at about $54,644,000. Wealthfront Advisers LLC acquired a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $15,603,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Simpson Manufacturing by 1,473.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company’s stock worth $13,310,000 after purchasing an additional 75,162 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SSD shares. DA Davidson reduced their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Robert W. Baird cut their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th.

Insider Buying and Selling at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

SSD stock opened at $147.36 on Monday. The company’s 50-day moving average price is $163.27 and its two-hundred day moving average price is $174.19. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm has a market cap of $6.19 billion, a P/E ratio of 19.39 and a beta of 1.33.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 annualized dividend and a dividend yield of 0.76%. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Simpson Manufacturing Company 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.