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

Sendero Wealth Management LLC lowered its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 52.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,993 shares of the construction company’s stock after selling 3,332 shares during the quarter. Sendero Wealth Management LLC’s holdings in Simpson Manufacturing were worth $483,000 at the end of the most recent quarter.

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

Simpson Manufacturing Price Performance

NYSE SSD opened at $168.49 on Friday. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $211.98. The stock has a 50-day moving average of $187.22 and a 200 day moving average of $177.23. 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 company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 20.42 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly 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. Simpson Manufacturing had a net margin of 14.79% and a return on equity of 17.63%. The firm had revenue of $539.35 million for the quarter, compared to the consensus estimate of $530.70 million. During the same quarter last year, the firm posted $1.31 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stephens set a $200.00 target price on shares of Simpson Manufacturing in a research note on Tuesday, February 10th. Robert W. Baird set a $222.00 price target on Simpson Manufacturing in a research note on Tuesday, February 10th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 18th. DA Davidson lifted their price objective on Simpson Manufacturing from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.33.

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.