Sendero Wealth Management LLC Sells 3,332 Shares of Simpson Manufacturing Company, Inc. $SSD

Sendero Wealth Management LLC reduced its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 52.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,993 shares of the construction company’s stock after selling 3,332 shares during the period. Sendero Wealth Management LLC’s holdings in Simpson Manufacturing were worth $483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after acquiring an additional 92 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Simpson Manufacturing by 322.5% in the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after purchasing an additional 129 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Simpson Manufacturing in the third quarter worth about $34,000. Hantz Financial Services Inc. grew its stake in shares of Simpson Manufacturing by 98.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after purchasing an additional 144 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Simpson Manufacturing by 40.3% during the 3rd quarter. Allworth Financial LP now owns 331 shares of the construction company’s stock valued at $55,000 after purchasing an additional 95 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Down 1.5%

Shares of SSD stock opened at $168.49 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.99 and a current ratio of 3.54. The stock has a fifty day simple moving average of $187.22 and a two-hundred day simple moving average of $177.23. The firm has a market capitalization of $6.94 billion, a PE ratio of 20.42 and a beta of 1.35. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $211.98.

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

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.06%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SSD. Robert W. Baird set a $222.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, February 10th. Stephens set a $200.00 target price on shares of Simpson Manufacturing in a research report on Tuesday, February 10th. Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. DA Davidson increased their price target on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.33.

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.