Simpson Manufacturing Co. (SSD) Position Increased by Whittier Trust Co.
Whittier Trust Co. raised its stake in Simpson Manufacturing Co. (NYSE:SSD) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 32,452 shares of the company’s stock after buying an additional 392 shares during the period. Whittier Trust Co.’s holdings in Simpson Manufacturing were worth $1,297,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Commonwealth Equity Services Inc boosted its stake in shares of Simpson Manufacturing by 1.2% in the first quarter. Commonwealth Equity Services Inc now owns 8,189 shares of the company’s stock valued at $313,000 after buying an additional 100 shares during the period. Aperio Group LLC boosted its stake in shares of Simpson Manufacturing by 2.3% in the first quarter. Aperio Group LLC now owns 10,440 shares of the company’s stock valued at $398,000 after buying an additional 236 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Simpson Manufacturing by 616.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,195 shares of the company’s stock valued at $1,725,000 after buying an additional 38,885 shares during the period. Prudential Financial Inc. boosted its stake in shares of Simpson Manufacturing by 6.8% in the first quarter. Prudential Financial Inc. now owns 101,896 shares of the company’s stock valued at $3,889,000 after buying an additional 6,450 shares during the period. Finally, 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 valued at $117,000 after buying an additional 1,768 shares during the period. 81.48% of the stock is currently owned by institutional investors.
Shares of Simpson Manufacturing Co. (NYSE:SSD) traded up 1.01% on Monday, hitting $44.08. 46,477 shares of the stock traded hands. The company has a market cap of $2.13 billion, a PE ratio of 27.21 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. The firm’s 50 day moving average is $44.27 and its 200-day moving average is $40.49.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.05. The firm earned $230 million during the quarter, compared to analysts’ expectations of $227.12 million. Simpson Manufacturing had a return on equity of 9.17% and a net margin of 9.50%. Simpson Manufacturing’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Equities analysts predict that Simpson Manufacturing Co. will post $1.74 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Saturday, October 8th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, October 5th. Simpson Manufacturing’s payout ratio is 44.44%.
Several equities research analysts have issued reports on SSD shares. Zacks Investment Research cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Sidoti assumed coverage on shares of Simpson Manufacturing in a research report on Friday, September 9th. They set a “neutral” rating on the stock.
In other Simpson Manufacturing news, COO Ricardo M. Arevalo sold 3,437 shares of the stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $44.40, for a total value of $152,602.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.50% of the stock is owned by company insiders.
About Simpson Manufacturing
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.
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