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

Royce & Associates LP increased its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 28.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 260,628 shares of the construction company’s stock after acquiring an additional 58,002 shares during the period. Royce & Associates LP owned about 0.63% of Simpson Manufacturing worth $43,645,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in 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 in the last quarter. ProShare Advisors LLC grew its stake 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 worth $288,000 after acquiring an additional 62 shares during the period. Inspire Advisors LLC raised its holdings in shares of Simpson Manufacturing by 1.2% during the second quarter. Inspire Advisors LLC now owns 5,504 shares of the construction company’s stock valued at $855,000 after purchasing an additional 63 shares during the last quarter. Coldstream Capital Management Inc. lifted its position in Simpson Manufacturing by 4.7% during the second quarter. Coldstream Capital Management Inc. now owns 1,528 shares of the construction company’s stock valued at $237,000 after purchasing an additional 69 shares during the period. Finally, World Investment Advisors lifted its position in Simpson Manufacturing by 1.5% during the third quarter. World Investment Advisors now owns 5,092 shares of the construction company’s stock valued at $853,000 after purchasing an additional 75 shares during the period. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Stephens set a $200.00 target price on shares of Simpson Manufacturing in a research report on Tuesday, February 10th. DA Davidson lifted their price objective on Simpson Manufacturing from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, February 11th. Robert W. Baird set a $222.00 price objective on Simpson Manufacturing in a research report on Tuesday, February 10th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 12th. Finally, Wall Street Zen upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $207.33.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $193.57 on Friday. The business has a 50-day simple moving average of $184.19 and a two-hundred day simple moving average of $178.92. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $211.98. The stock has a market cap of $8.03 billion, a price-to-earnings ratio of 23.46 and a beta of 1.37.

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

Simpson Manufacturing Announces Dividend

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

Insider Buying and Selling at Simpson Manufacturing

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

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.