Maren Capital LLC Acquires 88,667 Shares of Simpson Manufacturing Company, Inc. $SSD

Maren Capital LLC grew its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 21.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 511,756 shares of the construction company’s stock after buying an additional 88,667 shares during the quarter. Simpson Manufacturing makes up 4.4% of Maren Capital LLC’s portfolio, making the stock its 12th largest position. Maren Capital LLC owned about 1.23% of Simpson Manufacturing worth $82,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted 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 worth $25,000 after buying an additional 92 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Simpson Manufacturing by 322.5% during the 3rd quarter. Smartleaf Asset Management LLC now owns 169 shares of the construction company’s stock worth $28,000 after buying an additional 129 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Simpson Manufacturing during the 4th quarter worth about $28,000. Los Angeles Capital Management LLC bought a new stake in Simpson Manufacturing during the 4th quarter worth about $32,000. Finally, Brown Brothers Harriman & Co. bought a new stake in Simpson Manufacturing during the 3rd quarter worth about $34,000. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Down 0.3%

Shares of SSD stock opened at $192.48 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.02 and a current ratio of 3.40. The firm’s 50-day moving average is $183.61 and its 200-day moving average is $180.84. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 22.57 and a beta of 1.32. Simpson Manufacturing Company, Inc. has a 52-week low of $151.38 and a 52-week high of $211.98.

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

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, July 2nd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. Simpson Manufacturing’s payout ratio is currently 13.60%.

Wall Street Analysts Forecast Growth

SSD has been the topic of several analyst reports. Robert W. Baird boosted their price target 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 price target on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Stephens boosted their price target on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Finally, Stifel Nicolaus boosted their price target on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Simpson Manufacturing presently has an average rating of “Moderate Buy” and a consensus 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.