SG Americas Securities LLC bought a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,375 shares of the construction company’s stock, valued at approximately $148,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its holdings in shares of Simpson Manufacturing by 2.3% in the 1st quarter. Meadow Creek Investment Management LLC now owns 3,026 shares of the construction company’s stock valued at $130,000 after purchasing an additional 68 shares in the last quarter. Granite Investment Partners LLC increased its holdings in shares of Simpson Manufacturing by 0.4% in the 2nd quarter. Granite Investment Partners LLC now owns 24,658 shares of the construction company’s stock valued at $1,078,000 after purchasing an additional 94 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Simpson Manufacturing by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 21,164 shares of the construction company’s stock valued at $925,000 after purchasing an additional 100 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Simpson Manufacturing by 0.9% in the 1st quarter. M&T Bank Corp now owns 14,725 shares of the construction company’s stock valued at $635,000 after purchasing an additional 134 shares in the last quarter. Finally, Wrapmanager Inc. increased its holdings in shares of Simpson Manufacturing by 3.5% in the 2nd quarter. Wrapmanager Inc. now owns 5,310 shares of the construction company’s stock valued at $232,000 after purchasing an additional 181 shares in the last quarter. Institutional investors own 83.63% of the company’s stock.

A number of equities analysts have recently issued reports on SSD shares. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub upgraded shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.

In other Simpson Manufacturing news, insider Psb Fund Simpson sold 30,030 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $43.46, for a total value of $1,305,103.80. Following the completion of the sale, the insider now directly owns 1,312,337 shares of the company’s stock, valued at approximately $57,034,166.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Sharon H. Simpson sold 60,061 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $43.46, for a total transaction of $2,610,251.06. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by corporate insiders.

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Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 47.73 on Friday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 23.28 and a beta of 1.41. Simpson Manufacturing Company, Inc. has a 12-month low of $39.82 and a 12-month high of $48.41. The firm’s 50-day moving average is $44.26 and its 200 day moving average is $42.83.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The company had revenue of $263.00 million during the quarter, compared to the consensus estimate of $259.05 million. During the same period in the prior year, the company earned $0.54 EPS. Simpson Manufacturing’s revenue was up 14.3% on a year-over-year basis. Equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, October 4th. Simpson Manufacturing’s payout ratio is 40.98%.

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, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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