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Simpson Manufacturing announced on January 26, 2023 that its board of directors has declared a regular quarterly dividend of $0.26 per share ($1.04 annualized). Shareholders of record on April 5, 2023 will receive payment on April 27, 2023. Previously, the company paid him $0.26 per share.
At the latest price of $103.20/share, the stock had a dividend yield of 1.01%. Additionally, the company has a payout ratio of 0.13, indicating that it retains most of its earnings and reinvests them in growth opportunities.
The company’s three-year dividend growth rate is 0.13%.
Analyst price predictions suggest a 7.98% gain
As of January 30, 2023, Simpson Manufacturing’s one-year average price target is $111.44. Predictions range from a low of $90.90 to a high of $131.25. The average price target represents a 7.98% increase from the latest reported closing price of $103.20.
Simpson Manufacturing’s projected annual revenue is $2.001 billion, down 2.82%. Projected full-year EPS is $5.73, down 28.54%.
Fund Sentiment
Simpson Manufacturing has 655 funds or institutions reporting positions. That’s a decrease of 11 owners or 1.65%.
Portfolio average weight of all funds US Only: SSD at 0.2043%, a decrease of 12.9530%. The total number of shares owned by institutional investors fell by 1.34% to 48,420,000 shares over the past three months.
What are the major shareholders doing?
Kayne Anderson Rudnick Investment Management holds 3,609,877 shares representing an 8.47% ownership interest in the company. In previous filings, the company reported that it owned 3,618,282 shares of her. Decrease 0.23%.office decreased The SSD portfolio allocation increased by 18.31% last quarter.
Jpmorgan Chase & owns 1,779,874 shares representing a 4.18% ownership interest in the company. In previous filings, the company reported he owned 1,720,161 shares. will increase of 3.35%.office decreased The SSD portfolio allocation increased 16.88% last quarter.
Capital International Investors holds 1,392,674 shares representing a 3.27% ownership interest in the company. In previous filings, the company reported he owned 2,025,711 shares. Decrease 45.45%.office decreased The SSD portfolio allocation increased 42.55% last quarter.
Conestoga Capital Advisors holds 1,370,758 shares representing a 3.22% ownership interest in the company. In previous filings, the company reported he owned 1,371,655 shares. Decrease 0.07%.office decreased The SSD portfolio allocation increased 16.21% last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 1,296,897 shares representing a 3.04% ownership interest in the company. In previous filings, the company reported he owned 1,273,389 shares. will increase 1.81%.office decreased The SSD portfolio allocation increased 17.27% last quarter.
Simpson Manufacturing Background Information
(This description is provided by the company.)
Simpson Manufacturing Co., Inc., headquartered in Pleasanton, California, through its subsidiary, Simpson Strong-Tie Company Inc., manufactures connectors, truss plates, fastening systems, fasteners, shear walls, adhesives, specialty chemicals, Concrete construction products such as mechanical anchors, powder-actuated tools, and reinforced fiber materials.
This story was originally published in Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.
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