Simpson Manufacturing Company, Inc. $SSD is LRT Capital Management LLC’s 3rd Largest Position

LRT Capital Management LLC cut its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 39.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,529 shares of the construction company’s stock after selling 17,639 shares during the period. Simpson Manufacturing accounts for about 2.9% of LRT Capital Management LLC’s portfolio, making the stock its 3rd biggest position. LRT Capital Management LLC owned about 0.06% of Simpson Manufacturing worth $4,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Simpson Manufacturing by 51.3% during the 1st quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock valued at $798,000 after purchasing an additional 1,726 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in Simpson Manufacturing by 11.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock worth $427,000 after buying an additional 286 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Simpson Manufacturing during the first quarter worth $531,000. Goldman Sachs Group Inc. boosted its stake in Simpson Manufacturing by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock worth $33,327,000 after buying an additional 64,114 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Simpson Manufacturing by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock valued at $19,022,000 after acquiring an additional 12,865 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Performance

SSD stock opened at $178.48 on Tuesday. Simpson Manufacturing Company, Inc. has a twelve month low of $137.35 and a twelve month high of $211.98. 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 business’s fifty day simple moving average is $188.41 and its two-hundred day simple moving average is $178.26. 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 (NYSE:SSD) last issued its earnings results 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. The firm had revenue of $539.35 million during the quarter, compared to analyst estimates of $530.70 million. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The business’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.31 earnings per share. Analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Thursday, April 2nd. Simpson Manufacturing’s dividend payout ratio is currently 14.06%.

Analyst Ratings Changes

SSD has been the topic of several recent analyst reports. DA Davidson increased their target price on shares of Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings lowered shares of Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Robert W. Baird set a $222.00 price objective on shares of Simpson Manufacturing in a research note on Tuesday, February 10th. Finally, Stephens set a $200.00 target price on Simpson Manufacturing in a research report on Tuesday, February 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Hold” and an average target price of $207.33.

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.