Argent Capital Management LLC Increases Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Argent Capital Management LLC increased its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 31.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,773 shares of the construction company’s stock after purchasing an additional 19,097 shares during the period. Argent Capital Management LLC’s holdings in Simpson Manufacturing were worth $13,691,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Simpson Manufacturing by 135.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock worth $25,000 after buying an additional 92 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing in the fourth quarter valued at approximately $28,000. Los Angeles Capital Management LLC acquired a new position in Simpson Manufacturing in the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. acquired a new stake in Simpson Manufacturing during the third quarter worth $34,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Simpson Manufacturing during the first quarter worth $37,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Price Performance

SSD opened at $187.70 on Friday. The stock’s 50-day moving average price is $193.14 and its 200 day moving average price is $187.38. Simpson Manufacturing Company, Inc. has a 12-month low of $156.32 and a 12-month high of $213.49. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 20.51 and a beta of 1.30. The company has a current ratio of 3.29, a quick ratio of 2.02 and a debt-to-equity ratio of 0.15.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.37. The company had revenue of $671.08 million during the quarter, compared to the consensus estimate of $658.76 million. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.Simpson Manufacturing’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.47 EPS. As a group, sell-side analysts expect that Simpson Manufacturing Company, Inc. will post 9.11 earnings per share for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be issued a $0.30 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.20 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio (DPR) is 13.11%.

Analysts Set New Price Targets

SSD has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. DA Davidson upped their target price on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, Stephens upped their target price on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Simpson Manufacturing currently has an average rating of “Hold” and an average price target of $216.00.

Simpson Manufacturing Company 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.