LRT Capital Management LLC Has $3.16 Million Stake in Simpson Manufacturing Company, Inc. $SSD

LRT Capital Management LLC lessened its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 26.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 19,592 shares of the construction company’s stock after selling 6,937 shares during the period. Simpson Manufacturing accounts for about 2.7% of LRT Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. LRT Capital Management LLC’s holdings in Simpson Manufacturing were worth $3,164,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Cooke & Bieler LP grew its holdings in Simpson Manufacturing by 77.9% during the fourth quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company’s stock valued at $20,940,000 after purchasing an additional 56,769 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of Simpson Manufacturing by 117.6% in the third quarter. Rafferty Asset Management LLC now owns 33,651 shares of the construction company’s stock worth $5,635,000 after acquiring an additional 18,186 shares during the period. Westview Management dba Westview Investment Advisors bought a new position in shares of Simpson Manufacturing in the fourth quarter worth about $2,074,000. Comerica Bank boosted its stake in shares of Simpson Manufacturing by 21.6% in the fourth quarter. Comerica Bank now owns 123,375 shares of the construction company’s stock worth $19,921,000 after acquiring an additional 21,889 shares during the period. Finally, Capital World Investors boosted its stake in shares of Simpson Manufacturing by 101.7% in the third quarter. Capital World Investors now owns 172,813 shares of the construction company’s stock worth $28,939,000 after acquiring an additional 87,135 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $192.48 on Friday. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.92 billion, a P/E ratio of 22.57 and a beta of 1.32. Simpson Manufacturing Company, Inc. has a 12 month low of $151.38 and a 12 month high of $211.98. The business’s 50-day moving average is $183.61 and its 200 day moving average is $180.71.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, April 27th. The construction company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. The company had revenue of $587.96 million for the quarter, compared to the consensus estimate of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.85 earnings per share. On average, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date is Thursday, July 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 13.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. DA Davidson upped their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Stephens upped their price objective on Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Robert W. Baird upped their price objective on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Stifel Nicolaus upped their price objective on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Simpson Manufacturing has an average rating of “Moderate Buy” and an average target price of $214.75.

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.