3,284 Shares in Simpson Manufacturing Company, Inc. $SSD Acquired by Roundview Capital LLC

Roundview Capital LLC bought a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,284 shares of the construction company’s stock, valued at approximately $530,000.

A number of other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in Simpson Manufacturing by 135.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after buying an additional 92 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Simpson Manufacturing by 322.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock valued at $28,000 after buying an additional 129 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Simpson Manufacturing in the 4th quarter valued at $28,000. Brown Brothers Harriman & Co. acquired a new position in Simpson Manufacturing in the 3rd quarter valued at $34,000. Finally, Hantz Financial Services Inc. grew its holdings in Simpson Manufacturing by 98.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 291 shares of the construction company’s stock valued at $49,000 after buying an additional 144 shares in the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

Shares of SSD stock opened at $190.95 on Thursday. 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 $151.38 and a twelve month high of $211.98. The company has a market cap of $7.86 billion, a P/E ratio of 22.39 and a beta of 1.34. The business has a fifty day simple moving average of $179.41 and a 200 day simple moving average of $178.69.

Simpson Manufacturing (NYSE:SSD) last announced 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 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 the consensus estimate of $550.08 million. During the same period in the prior year, the company earned $1.85 EPS. Simpson Manufacturing’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 9.18 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. Investors of record on Thursday, July 2nd will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. This is an increase from Simpson Manufacturing’s previous quarterly dividend of $0.29. Simpson Manufacturing’s dividend payout ratio is currently 13.60%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus upped 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 upped 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. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Stephens upped 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 upped 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.