Analysts are Recommending These 5 Value Stocks Amid Market Volatility

1. Simpson Manufacturing Co., Inc. (NYSE:SSD)

Number of Hedge Fund Holders: 19  

PE Ratio: 19.88   

Simpson Manufacturing Co., Inc. (NYSE:SSD) makes and sells building products. CJS Securities analyst Daniel Moore recently upgraded the stock to Outperform from Market Perform, noting that the firm had a strong growth outlook. 

Hedge funds have been bullish on Simpson Manufacturing Co., Inc. (NYSE:SSD) in recent weeks. At the end of the third quarter of 2021, 19 hedge funds in the database of Insider Monkey held stakes worth $177 million in Simpson Manufacturing Co., Inc. (NYSE:SSD), the same as in the previous quarter worth $198 million.

In its Q4 2020 investor letter, Conestoga Capital Advisors, an asset management firm, highlighted a few stocks and Simpson Manufacturing Co., Inc. (NYSE:SSD) was one of them. Here is what the fund said:

“SSD is a leading provider of structural connectors to the U.S. housing market. Despite reporting better-than-expected growth in its business, investors focused on several negative factors, including concerns about rising raw material prices, tough 2021 comparisons and the halted rollout of mechanical anchors and fasteners with Home Depot. We believe the company will continue to benefit from a strong residential housing market particularly in the Southern and Western parts of the U.S. Additionally, the company’s focus on internal improvement with respect to working capital should drive long-term shareholder returns.”

You can also take a peek at 10 Cheap Dividend Kings with Over 2% Yield and 12 Best Semiconductor Stocks To Invest In Right Now.

Follow Insider Monkey on Twitter