Aristides Capital LLC Has $1.19 Million Stock Position in Simpson Manufacturing Company, Inc. $SSD

Aristides Capital LLC grew its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 227.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,341 shares of the construction company’s stock after acquiring an additional 5,100 shares during the period. Aristides Capital LLC’s holdings in Simpson Manufacturing were worth $1,185,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. MidFirst Bank bought a new position in shares of Simpson Manufacturing in the 4th quarter valued at $187,000. River Road Asset Management LLC grew its position in Simpson Manufacturing by 87.5% during the 4th quarter. River Road Asset Management LLC now owns 138,126 shares of the construction company’s stock worth $22,303,000 after acquiring an additional 64,476 shares during the last quarter. Corient Private Wealth LLC grew its position in Simpson Manufacturing by 40.1% during the 4th quarter. Corient Private Wealth LLC now owns 7,121 shares of the construction company’s stock worth $1,151,000 after acquiring an additional 2,038 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Simpson Manufacturing by 10.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 19,290 shares of the construction company’s stock worth $3,115,000 after purchasing an additional 1,773 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Simpson Manufacturing in the 4th quarter worth about $1,967,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 4.5%

Shares of SSD stock opened at $200.46 on Friday. Simpson Manufacturing Company, Inc. has a 1-year low of $152.11 and a 1-year high of $211.98. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 23.50 and a beta of 1.32. The stock has a 50-day moving average of $185.90 and a 200-day moving average of $181.62.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 EPS 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 company had revenue of $587.96 million for the quarter, compared to analyst estimates of $550.08 million. During the same period in the previous year, the firm earned $1.85 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.30 per share. 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 13.60%.

Analyst Ratings Changes

SSD has been the topic of a number of recent research reports. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Stephens upped their price objective on Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. DA Davidson boosted their target price on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $214.75.

Simpson Manufacturing Profile

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.