Federated Hermes Inc. Acquires 4,290 Shares of Simpson Manufacturing Company, Inc. $SSD

Federated Hermes Inc. boosted its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,027 shares of the construction company’s stock after acquiring an additional 4,290 shares during the period. Federated Hermes Inc.’s holdings in Simpson Manufacturing were worth $51,917,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 92 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Simpson Manufacturing during the 2nd quarter valued at approximately $31,000. Putney Financial Group LLC raised its stake in Simpson Manufacturing by 238.4% during the second quarter. Putney Financial Group LLC now owns 379 shares of the construction company’s stock valued at $59,000 after buying an additional 267 shares during the last quarter. Sprucegrove Investment Management Ltd. bought a new stake in Simpson Manufacturing in the second quarter worth $62,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Simpson Manufacturing by 50.5% in the second quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the construction company’s stock worth $85,000 after acquiring an additional 184 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SSD shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, January 21st. Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. Finally, DA Davidson set a $190.00 target price on shares of Simpson Manufacturing in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Simpson Manufacturing currently has an average rating of “Hold” and an average price target of $201.00.

Simpson Manufacturing Price Performance

NYSE SSD opened at $177.92 on Friday. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The stock has a 50-day moving average of $171.96 and a 200 day moving average of $175.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.88 and a current ratio of 3.35. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 21.67 and a beta of 1.37.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.21. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. The firm had revenue of $623.51 million for the quarter, compared to the consensus estimate of $607.79 million. During the same quarter last year, the firm posted $2.21 EPS. The business’s quarterly revenue was up 6.2% 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 announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be issued a $0.29 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.16 annualized dividend and a yield of 0.7%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.13%.

Insider Buying and Selling

In other Simpson Manufacturing news, Director Philip E. Donaldson sold 2,375 shares of Simpson Manufacturing stock in a transaction that occurred 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 sale, the director owned 6,086 shares of the company’s stock, valued at approximately $1,023,421.76. The trade was a 28.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

About Simpson Manufacturing

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.