Hardy Reed LLC Raises Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Hardy Reed LLC lifted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 16.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,824 shares of the construction company’s stock after buying an additional 539 shares during the quarter. Hardy Reed LLC’s holdings in Simpson Manufacturing were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SSD. Raymond James & Associates boosted its stake in shares of Simpson Manufacturing by 5.8% in the third quarter. Raymond James & Associates now owns 241,022 shares of the construction company’s stock worth $46,100,000 after buying an additional 13,263 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Simpson Manufacturing by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 248,917 shares of the construction company’s stock worth $47,610,000 after buying an additional 3,761 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Simpson Manufacturing by 8,883.3% in the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after buying an additional 5,863 shares during the last quarter. Moody Aldrich Partners LLC boosted its stake in shares of Simpson Manufacturing by 27.5% in the third quarter. Moody Aldrich Partners LLC now owns 26,839 shares of the construction company’s stock worth $5,133,000 after buying an additional 5,796 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Simpson Manufacturing by 0.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 39,391 shares of the construction company’s stock worth $7,473,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 11th.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $174.01 on Thursday. The company has a market capitalization of $7.34 billion, a P/E ratio of 22.90 and a beta of 1.35. The business’s 50 day moving average is $168.34 and its two-hundred day moving average is $178.14. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. Simpson Manufacturing Co., Inc. has a 12-month low of $155.73 and a 12-month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.64%. Simpson Manufacturing’s payout ratio is currently 14.74%.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.