EULAV Asset Management Has $7.14 Million Position in Simpson Manufacturing Company, Inc. $SSD

EULAV Asset Management raised its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 33.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,200 shares of the construction company’s stock after buying an additional 11,200 shares during the quarter. EULAV Asset Management owned about 0.11% of Simpson Manufacturing worth $7,137,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SSD. EverSource Wealth Advisors LLC grew its position in shares of Simpson Manufacturing by 135.3% during 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 holdings in shares of 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 purchasing an additional 129 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. bought a new position in shares of Simpson Manufacturing during the 3rd quarter valued at about $34,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Simpson Manufacturing by 98.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after purchasing an additional 144 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SSD has been the topic of several recent analyst reports. Wall Street Zen cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Stifel Nicolaus lifted their price objective on Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. DA Davidson lifted their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Stephens lifted their price objective on Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Robert W. Baird lifted their price objective on Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Simpson Manufacturing has an average rating of “Moderate Buy” and an average price target of $214.75.

Simpson Manufacturing Trading Down 0.8%

NYSE SSD opened at $185.24 on Friday. The stock has a market capitalization of $7.62 billion, a price-to-earnings ratio of 21.72 and a beta of 1.32. The stock’s 50 day moving average price is $181.55 and its two-hundred day moving average price is $179.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 3.40. Simpson Manufacturing Company, Inc. has a 52 week low of $151.38 and a 52 week high of $211.98.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, April 27th. The construction company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.84 by $0.29. The firm had revenue of $587.96 million for the quarter, compared to analysts’ expectations of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.85 EPS. As a group, analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, July 2nd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 13.60%.

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.