Whittier Trust Co. Has $16.35 Million Stock Holdings in Simpson Manufacturing Company, Inc. $SSD

Whittier Trust Co. raised its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 10.0% in the 1st quarter, HoldingsChannel reports. The firm owned 97,529 shares of the construction company’s stock after acquiring an additional 8,877 shares during the quarter. Whittier Trust Co.’s holdings in Simpson Manufacturing were worth $16,347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SSD. Smartleaf Asset Management LLC grew its stake in shares of Simpson Manufacturing by 33.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 226 shares of the construction company’s stock valued at $37,000 after buying an additional 57 shares during the period. Apollon Wealth Management LLC boosted its holdings in Simpson Manufacturing by 1.3% in the fourth quarter. Apollon Wealth Management LLC now owns 4,927 shares of the construction company’s stock worth $796,000 after acquiring an additional 62 shares in the last quarter. SkyView Investment Advisors LLC grew its stake in Simpson Manufacturing by 0.6% in the fourth quarter. SkyView Investment Advisors LLC now owns 12,268 shares of the construction company’s stock valued at $1,981,000 after acquiring an additional 77 shares during the period. Public Employees Retirement System of Ohio grew its stake in Simpson Manufacturing by 0.4% in the third quarter. Public Employees Retirement System of Ohio now owns 25,293 shares of the construction company’s stock valued at $4,236,000 after acquiring an additional 89 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Simpson Manufacturing by 135.3% during the second quarter. EverSource Wealth Advisors LLC now owns 160 shares of the construction company’s stock valued at $25,000 after acquiring an additional 92 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 0.1%

Shares of NYSE:SSD opened at $200.46 on Monday. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 23.50 and a beta of 1.30. The company has a quick ratio of 2.02, a current ratio of 3.40 and a debt-to-equity ratio of 0.17. Simpson Manufacturing Company, Inc. has a 12-month low of $156.32 and a 12-month high of $213.49. The business’s 50 day moving average is $191.71 and its 200 day moving average is $184.35.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.29. The business had revenue of $587.96 million during the quarter, compared to the consensus estimate of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.Simpson Manufacturing’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. On average, sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 9.17 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, July 2nd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.29. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.07%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. DA Davidson upped their target price on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Stifel Nicolaus raised their price objective on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the company a “buy” rating in a research note on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $214.75.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.