Royce & Associates LP Acquires 58,002 Shares of Simpson Manufacturing Company, Inc. $SSD

Royce & Associates LP increased its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 28.6% during the third quarter, Holdings Channel reports. The firm owned 260,628 shares of the construction company’s stock after acquiring an additional 58,002 shares during the quarter. Royce & Associates LP’s holdings in Simpson Manufacturing were worth $43,645,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Rafferty Asset Management LLC grew its stake in Simpson Manufacturing by 117.6% during the third quarter. Rafferty Asset Management LLC now owns 33,651 shares of the construction company’s stock valued at $5,635,000 after acquiring an additional 18,186 shares in the last quarter. US Bancorp DE increased its holdings in shares of Simpson Manufacturing by 10.0% in the third quarter. US Bancorp DE now owns 4,630 shares of the construction company’s stock worth $775,000 after purchasing an additional 419 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Simpson Manufacturing by 46.6% in the third quarter. TD Asset Management Inc now owns 5,798 shares of the construction company’s stock worth $971,000 after purchasing an additional 1,842 shares during the last quarter. Granite Investment Partners LLC lifted its position in shares of Simpson Manufacturing by 1.8% in the third quarter. Granite Investment Partners LLC now owns 15,601 shares of the construction company’s stock worth $2,613,000 after buying an additional 271 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its stake in Simpson Manufacturing by 0.4% during the third quarter. Vestmark Advisory Solutions Inc. now owns 29,220 shares of the construction company’s stock valued at $4,893,000 after buying an additional 111 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 12th. Stephens set a $200.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, February 10th. Robert W. Baird set a $222.00 target price on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Finally, DA Davidson increased their price target 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. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $207.33.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, Director Philip E. Donaldson sold 2,375 shares of the company’s stock in a transaction on Friday, December 12th. The stock was sold at an average price of $168.16, for a total value of $399,380.00. Following the transaction, the director owned 6,086 shares of the company’s stock, valued at $1,023,421.76. This represents a 28.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Up 0.5%

SSD stock opened at $193.57 on Friday. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $211.98. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 23.46 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 firm’s fifty day simple moving average is $184.19 and its two-hundred day simple moving average is $178.92.

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

Simpson Manufacturing Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is currently 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.