Mason Street Advisors LLC Invests $321,000 in Simpson Manufacturing Co. (SSD)
Mason Street Advisors LLC bought a new position in shares of Simpson Manufacturing Co. (NYSE:SSD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,029 shares of the company’s stock, valued at approximately $321,000.
Other large investors have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Simpson Manufacturing by 135.5% in the first quarter. BlackRock Inc. now owns 3,073 shares of the company’s stock worth $117,000 after buying an additional 1,768 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Simpson Manufacturing during the second quarter worth about $129,000. US Bancorp DE boosted its stake in shares of Simpson Manufacturing by 34.3% in the second quarter. US Bancorp DE now owns 3,555 shares of the company’s stock worth $142,000 after buying an additional 908 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Simpson Manufacturing by 77.3% in the second quarter. Victory Capital Management Inc. now owns 3,576 shares of the company’s stock worth $143,000 after buying an additional 1,559 shares during the last quarter. Finally, Amalgamated Bank acquired a new stake in shares of Simpson Manufacturing during the second quarter worth about $201,000. 81.48% of the stock is currently owned by institutional investors and hedge funds.
Simpson Manufacturing Co. (NYSE:SSD) opened at 43.64 on Friday. The stock has a 50 day moving average of $44.27 and a 200 day moving average of $40.49. The company has a market cap of $2.11 billion, a PE ratio of 26.94 and a beta of 1.47. Simpson Manufacturing Co. has a 12-month low of $30.25 and a 12-month high of $45.50.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. Simpson Manufacturing had a net margin of 9.50% and a return on equity of 9.17%. The firm had revenue of $230 million for the quarter, compared to analysts’ expectations of $227.12 million. During the same quarter in the prior year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Equities analysts expect that Simpson Manufacturing Co. will post $1.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Investors of record on Saturday, October 8th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio is currently 44.44%.
Several research analysts have recently weighed in on SSD shares. Zacks Investment Research cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th. Sidoti started coverage on shares of Simpson Manufacturing in a report on Friday, September 9th. They issued a “neutral” rating on the stock.
In related news, COO Ricardo M. Arevalo sold 3,437 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $44.40, for a total value of $152,602.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by corporate insiders.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Co. (NYSE:SSD).
Receive News & Ratings for Simpson Manufacturing Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing Co. and related companies with MarketBeat.com's FREE daily email newsletter.