Simpson Manufacturing Company, Inc. $SSD Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 305,737 shares of the construction company’s stock after selling 67,836 shares during the quarter. Federated Hermes Inc. owned 0.73% of Simpson Manufacturing worth $47,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SSD. Norges Bank purchased a new stake in Simpson Manufacturing during the 2nd quarter worth about $77,528,000. First Trust Advisors LP grew its position in shares of Simpson Manufacturing by 33.6% during the second quarter. First Trust Advisors LP now owns 514,406 shares of the construction company’s stock worth $79,893,000 after buying an additional 129,354 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Simpson Manufacturing during the first quarter worth approximately $15,567,000. Champlain Investment Partners LLC raised its holdings in Simpson Manufacturing by 24.2% in the second quarter. Champlain Investment Partners LLC now owns 501,850 shares of the construction company’s stock valued at $77,942,000 after acquiring an additional 97,856 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Simpson Manufacturing by 20.3% in the first quarter. Raymond James Financial Inc. now owns 396,291 shares of the construction company’s stock worth $62,249,000 after acquiring an additional 66,774 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Simpson Manufacturing Trading Down 1.5%

NYSE SSD opened at $166.86 on Tuesday. The firm’s fifty day moving average price is $169.64 and its 200 day moving average price is $171.42. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.35 and a quick ratio of 1.88. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 20.32 and a beta of 1.36.

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

Simpson Manufacturing Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Simpson Manufacturing 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.