JPMorgan Chase & Co. cut its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 329,936 shares of the construction company’s stock after selling 6,900 shares during the period. JPMorgan Chase & Co. owned about 0.69% of Simpson Manufacturing worth $14,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Simpson Manufacturing by 155,956.1% in the first quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock worth $224,596,000 after purchasing an additional 5,208,933 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Simpson Manufacturing by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,561,119 shares of the construction company’s stock worth $153,448,000 after purchasing an additional 123,129 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Simpson Manufacturing by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,634 shares of the construction company’s stock worth $75,133,000 after purchasing an additional 64,148 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Simpson Manufacturing by 13.7% in the second quarter. Bank of New York Mellon Corp now owns 1,202,427 shares of the construction company’s stock worth $52,558,000 after purchasing an additional 144,623 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Simpson Manufacturing by 5.9% in the second quarter. Conestoga Capital Advisors LLC now owns 1,064,560 shares of the construction company’s stock worth $46,532,000 after purchasing an additional 59,400 shares during the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.

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Simpson Manufacturing Company, Inc. (SSD) opened at 47.73 on Monday. The firm’s 50-day moving average is $44.26 and its 200 day moving average is $42.83. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $48.41. The company has a market capitalization of $2.26 billion, a PE ratio of 23.28 and a beta of 1.41.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $263.00 million for the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. Simpson Manufacturing’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. On average, equities analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal 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 paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.76%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.

A number of research analysts have recently commented on the stock. BidaskClub cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd.

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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