Simpson Manufacturing Company, Inc. $SSD Shares Acquired by Maren Capital LLC

Maren Capital LLC lifted its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 18.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 381,519 shares of the construction company’s stock after purchasing an additional 58,294 shares during the period. Simpson Manufacturing makes up approximately 3.6% of Maren Capital LLC’s holdings, making the stock its 14th largest holding. Maren Capital LLC’s holdings in Simpson Manufacturing were worth $59,254,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. ProShare Advisors LLC lifted its stake in Simpson Manufacturing by 3.5% in the 2nd quarter. ProShare Advisors LLC now owns 1,856 shares of the construction company’s stock worth $288,000 after purchasing an additional 62 shares in the last quarter. Inspire Advisors LLC grew its position in shares of Simpson Manufacturing by 1.2% in 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 in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Simpson Manufacturing by 4.7% in 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 last quarter. First Hawaiian Bank increased its holdings in shares of Simpson Manufacturing by 7.2% in the first quarter. First Hawaiian Bank now owns 1,527 shares of the construction company’s stock valued at $240,000 after purchasing an additional 102 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in Simpson Manufacturing by 2.2% during the first quarter. Voya Investment Management LLC now owns 7,182 shares of the construction company’s stock worth $1,128,000 after buying an additional 152 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $167.60 on Wednesday. The firm has a market cap of $6.95 billion, a PE ratio of 20.41 and a beta of 1.27. The company has a quick ratio of 1.80, a current ratio of 3.35 and a debt-to-equity ratio of 0.17. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The business’s fifty day simple moving average is $169.88 and its 200-day simple moving average is $171.14.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.21. The firm had revenue of $623.51 million during the quarter, compared to the consensus estimate of $607.79 million. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company earned $2.21 EPS. Equities analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Friday, January 2nd will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Friday, January 2nd. Simpson Manufacturing’s payout ratio is 14.13%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, October 8th. DA Davidson reissued a “neutral” rating and set a $190.00 price target on shares of Simpson Manufacturing in a research report on Tuesday, October 28th. Finally, Robert W. Baird upped their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $201.00.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.