Fiduciary Management Inc. WI Cuts Stake in Simpson Manufacturing Company, Inc. $SSD

Fiduciary Management Inc. WI lowered its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 55.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 455,195 shares of the construction company’s stock after selling 562,371 shares during the period. Fiduciary Management Inc. WI owned about 1.10% of Simpson Manufacturing worth $73,500,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SSD. EverSource Wealth Advisors LLC lifted its stake in shares of Simpson Manufacturing by 135.3% during the second 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 stake in shares of Simpson Manufacturing by 322.5% during the third quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after buying an additional 129 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth $28,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Simpson Manufacturing during the third quarter worth $34,000. Finally, Hantz Financial Services Inc. lifted its stake in shares of 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 buying an additional 144 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Stephens lifted their target price on Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Stifel Nicolaus lifted their target price on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Robert W. Baird lifted their target price on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Finally, DA Davidson lifted their target price on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Simpson Manufacturing presently has a consensus rating of “Moderate Buy” and an average price target of $214.75.

Simpson Manufacturing Stock Down 0.8%

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

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

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, July 2nd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a yield of 0.6%. 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.