LRT Capital Management LLC Reduces Position in Simpson Manufacturing Company, Inc. $SSD

LRT Capital Management LLC reduced its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 39.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,529 shares of the construction company’s stock after selling 17,639 shares during the period. Simpson Manufacturing comprises about 2.9% of LRT Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. LRT Capital Management LLC’s holdings in Simpson Manufacturing were worth $4,442,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted 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 buying an additional 58 shares during the period. ProShare Advisors LLC raised its holdings in shares of Simpson Manufacturing by 3.5% in the second quarter. ProShare Advisors LLC now owns 1,856 shares of the construction company’s stock valued at $288,000 after acquiring an additional 62 shares in the last quarter. Inspire Advisors LLC raised its holdings in shares of Simpson Manufacturing by 1.2% in the second quarter. Inspire Advisors LLC now owns 5,504 shares of the construction company’s stock valued at $855,000 after acquiring an additional 63 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in Simpson Manufacturing by 4.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,528 shares of the construction company’s stock worth $237,000 after acquiring an additional 69 shares in the last quarter. Finally, World Investment Advisors grew its holdings in Simpson Manufacturing by 1.5% during the 3rd quarter. World Investment Advisors now owns 5,092 shares of the construction company’s stock worth $853,000 after acquiring an additional 75 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on SSD shares. DA Davidson boosted 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. Robert W. Baird set a $222.00 price objective on shares of Simpson Manufacturing in a report on Tuesday, February 10th. Weiss Ratings downgraded shares of Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Finally, Stephens set a $200.00 target price on Simpson Manufacturing in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Hold” and an average target price of $207.33.

Simpson Manufacturing Stock Performance

SSD stock opened at $178.48 on Tuesday. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 21.63 and a beta of 1.35. The firm has a 50-day simple moving average of $188.41 and a two-hundred day simple moving average of $178.26. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $211.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.99 and a current ratio of 3.54.

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

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.06%.

Simpson Manufacturing 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.