The Manufacturers Life Insurance Company Raises Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

The Manufacturers Life Insurance Company boosted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 336.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 224,517 shares of the construction company's stock after purchasing an additional 173,097 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.53% of Simpson Manufacturing worth $37,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SSD. EntryPoint Capital LLC purchased a new stake in shares of Simpson Manufacturing during the first quarter valued at approximately $29,000. Rise Advisors LLC bought a new stake in shares of Simpson Manufacturing in the 1st quarter worth $37,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company's stock worth $45,000 after purchasing an additional 187 shares in the last quarter. CWM LLC raised its stake in shares of Simpson Manufacturing by 50.2% in the first quarter. CWM LLC now owns 323 shares of the construction company's stock worth $66,000 after purchasing an additional 108 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Simpson Manufacturing during the second quarter valued at $77,000. 93.68% of the stock is currently owned by institutional investors.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total value of $514,188.00. Following the sale, the executive vice president now owns 24,064 shares of the company's stock, valued at approximately $4,582,748.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now directly owns 4,033 shares in the company, valued at $708,114.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Roger Dankel sold 2,700 shares of the business's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $190.44, for a total transaction of $514,188.00. Following the completion of the transaction, the executive vice president now directly owns 24,064 shares of the company's stock, valued at approximately $4,582,748.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,571 shares of company stock valued at $2,348,027. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock traded down $0.17 during trading on Monday, hitting $191.01. 144,276 shares of the company's stock traded hands, compared to its average volume of 287,160. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.69 and a quick ratio of 2.21. The stock has a market capitalization of $8.05 billion, a P/E ratio of 23.92 and a beta of 1.32. The business has a 50-day simple moving average of $181.09 and a 200-day simple moving average of $179.10. Simpson Manufacturing Co., Inc. has a 1 year low of $123.93 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $596.98 million for the quarter, compared to analysts' expectations of $604.67 million. During the same period in the previous year, the company earned $2.50 EPS. Simpson Manufacturing's revenue for the quarter was down .1% compared to the same quarter last year. As a group, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.1 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be issued a $0.28 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.59%. Simpson Manufacturing's dividend payout ratio is presently 14.04%.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, fiber-reinforced materials, and other repair products for use in concrete, masonry, and steel construction, as well as grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products for use in concrete construction repair, and strengthening and protection products.