Oak Thistle LLC Has $537,000 Stake in Simpson Manufacturing Company, Inc. $SSD

Key Points

• Oak Thistle LLC cut its stake in Simpson Manufacturing by 75.2%, selling 10,095 shares in Q4 and now holds 3,328 shares valued at $537,000.
• Simpson Manufacturing beat last quarter's estimates with EPS of $1.35 versus $1.26 expected and revenue of $539.35 million, up 4.2% year‑over‑year.
• The company announced a quarterly dividend of $0.29 (annualized $1.16, yield ~0.7%, ex‑dividend April 2), trades at a $7.26B market cap with a P/E of 21.37, is ~93.7% institutionally owned, and carries a consensus analyst rating of "Hold" with a $207.33 target.

Oak Thistle LLC lowered its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 75.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,328 shares of the construction company's stock after selling 10,095 shares during the period. Oak Thistle LLC's holdings in Simpson Manufacturing were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in shares of Simpson Manufacturing by 2.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,837 shares of the construction company's stock worth $475,000 after buying an additional 58 shares during the last quarter. World Investment Advisors increased its position in shares of Simpson Manufacturing by 1.5% in the third quarter. World Investment Advisors now owns 5,092 shares of the construction company's stock valued at $853,000 after acquiring an additional 75 shares during the last quarter. MGO One Seven LLC raised its holdings in Simpson Manufacturing by 1.1% during the third quarter. MGO One Seven LLC now owns 8,234 shares of the construction company's stock worth $1,379,000 after acquiring an additional 87 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in Simpson Manufacturing by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company's stock worth $4,236,000 after acquiring an additional 89 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its position in Simpson Manufacturing by 1.2% during the third quarter. Hunter Perkins Capital Management LLC now owns 7,643 shares of the construction company's stock valued at $1,280,000 after purchasing an additional 90 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $176.27 on Friday. Simpson Manufacturing Company, Inc. has a 12-month low of $142.67 and a 12-month high of $211.98. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 21.37 and a beta of 1.37. The stock's 50 day moving average price is $184.89 and its two-hundred day moving average price is $176.10. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its earnings results on Monday, February 9th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.26 by $0.09. The company had revenue of $539.35 million during the quarter, compared to the consensus estimate of $530.70 million. Simpson Manufacturing had a return on equity of 17.63% and a net margin of 14.79%.The firm's revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.31 EPS. On average, analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, April 2nd. Simpson Manufacturing's payout ratio is 14.06%.

Analyst Upgrades and Downgrades

SSD has been the topic of several recent analyst reports. DA Davidson boosted their price target on Simpson Manufacturing from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 11th. Stephens set a $200.00 price objective on Simpson Manufacturing in a report on Tuesday, February 10th. Wall Street Zen downgraded shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a report on Sunday, March 8th. Weiss Ratings lowered shares of Simpson Manufacturing from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, April 2nd. Finally, Robert W. Baird set a $222.00 price target on shares of Simpson Manufacturing in a research note on Tuesday, February 10th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Simpson Manufacturing currently has an average rating of "Hold" and a consensus target price of $207.33.

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.

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