Segall Bryant & Hamill LLC Decreases Stock Position in Simpson Manufacturing Company, Inc. $SSD

Segall Bryant & Hamill LLC cut its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,936 shares of the construction company’s stock after selling 3,589 shares during the quarter. Segall Bryant & Hamill LLC owned 0.37% of Simpson Manufacturing worth $25,904,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ValueAct Holdings L.P. lifted its holdings in shares of Simpson Manufacturing by 21.9% during the fourth quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock valued at $237,707,000 after purchasing an additional 264,200 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Simpson Manufacturing by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock worth $141,826,000 after buying an additional 31,744 shares in the last quarter. Quantinno Capital Management LP raised its position in Simpson Manufacturing by 0.5% in the 1st quarter. Quantinno Capital Management LP now owns 857,918 shares of the construction company’s stock worth $147,236,000 after buying an additional 4,168 shares during the last quarter. Geode Capital Management LLC raised its position in Simpson Manufacturing by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock worth $123,603,000 after buying an additional 6,869 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in Simpson Manufacturing by 11,044.7% during the 4th quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after acquiring an additional 672,402 shares during the period. Institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SSD. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. DA Davidson increased their price objective 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. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Stephens boosted their target price on shares of Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research note on Tuesday. Finally, UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a report on Tuesday. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing has a consensus rating of “Hold” and a consensus target price of $216.00.

Simpson Manufacturing Trading Up 0.6%

NYSE:SSD opened at $187.70 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.29 and a quick ratio of 2.02. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 20.51 and a beta of 1.30. Simpson Manufacturing Company, Inc. has a one year low of $156.32 and a one year high of $213.49. The business has a fifty day moving average price of $193.14 and a 200-day moving average price of $187.38.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.37. The company had revenue of $671.08 million for the quarter, compared to analysts’ expectations of $658.76 million. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.Simpson Manufacturing’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $2.47 EPS. Sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 9.11 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be given a dividend of $0.30 per share. 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, October 1st. Simpson Manufacturing’s payout ratio is presently 13.11%.

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.