Dimensional Fund Advisors LP Sells 7,845 Shares of Simpson Manufacturing Company, Inc. $SSD

Dimensional Fund Advisors LP cut its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 870,425 shares of the construction company’s stock after selling 7,845 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Simpson Manufacturing were worth $149,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Simpson Manufacturing by 135.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after purchasing an additional 92 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $28,000. Los Angeles Capital Management LLC purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. bought a new position in shares of Simpson Manufacturing during the third quarter valued at approximately $34,000. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Simpson Manufacturing by 33.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock valued at $37,000 after purchasing an additional 57 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SSD. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. Stephens increased their target price on Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Stifel Nicolaus lifted their price target on Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a report on Tuesday, April 28th. Robert W. Baird boosted their price target on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Finally, DA Davidson upped their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. 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 stock has an average rating of “Moderate Buy” and an average price target of $214.75.

Simpson Manufacturing Price Performance

Shares of SSD opened at $193.58 on Monday. The company has a 50 day moving average of $192.35 and a two-hundred day moving average of $186.81. 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 Company, Inc. has a twelve month low of $156.32 and a twelve month high of $213.49. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 22.69 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share (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 business had revenue of $587.96 million for the quarter, compared to the consensus estimate of $550.08 million. During the same period in the prior year, the firm posted $1.85 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, analysts predict that Simpson Manufacturing Company, Inc. will post 9.08 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be paid 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, October 1st. Simpson Manufacturing’s payout ratio is 14.07%.

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.