GW&K Investment Management LLC Sells 12,217 Shares of Simpson Manufacturing Company, Inc. $SSD

GW&K Investment Management LLC trimmed its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 5.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,270 shares of the construction company’s stock after selling 12,217 shares during the quarter. GW&K Investment Management LLC owned 0.53% of Simpson Manufacturing worth $35,406,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cooke & Bieler LP boosted its stake in shares of Simpson Manufacturing by 77.9% in the 4th quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company’s stock valued at $20,940,000 after purchasing an additional 56,769 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Simpson Manufacturing by 117.6% in the 3rd quarter. Rafferty Asset Management LLC now owns 33,651 shares of the construction company’s stock valued at $5,635,000 after purchasing an additional 18,186 shares during the last quarter. Westview Management dba Westview Investment Advisors bought a new stake in shares of Simpson Manufacturing in the 4th quarter valued at $2,074,000. Comerica Bank boosted its stake in shares of Simpson Manufacturing by 21.6% in the 4th quarter. Comerica Bank now owns 123,375 shares of the construction company’s stock valued at $19,921,000 after purchasing an additional 21,889 shares during the last quarter. Finally, Capital World Investors boosted its stake in shares of Simpson Manufacturing by 101.7% in the 3rd quarter. Capital World Investors now owns 172,813 shares of the construction company’s stock valued at $28,939,000 after purchasing an additional 87,135 shares during the last quarter. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Performance

SSD opened at $186.44 on Thursday. 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 company’s fifty day moving average price is $182.73 and its two-hundred day moving average price is $180.41. Simpson Manufacturing Company, Inc. has a 1-year low of $151.38 and a 1-year high of $211.98. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 21.86 and a beta of 1.32.

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

Simpson Manufacturing Increases Dividend

The firm also recently disclosed 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. 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 is currently 13.60%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Weiss Ratings raised shares of 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 shares of Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Stifel Nicolaus boosted their target price on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Finally, DA Davidson boosted their target price on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Simpson Manufacturing presently has an average rating of “Moderate Buy” and an average target price of $214.75.

Simpson Manufacturing Company 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.