Whittier Trust Co. Has $15.47 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Whittier Trust Co. boosted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 80,861 shares of the construction company's stock after buying an additional 3,283 shares during the period. Whittier Trust Co. owned approximately 0.19% of Simpson Manufacturing worth $15,466,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. B. Riley Wealth Advisors Inc. grew its position in shares of Simpson Manufacturing by 76.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company's stock valued at $686,000 after purchasing an additional 1,447 shares during the last quarter. Hancock Whitney Corp acquired a new stake in shares of Simpson Manufacturing during the first quarter worth $1,712,000. Vanguard Group Inc. raised its stake in Simpson Manufacturing by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company's stock worth $920,662,000 after purchasing an additional 278,283 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Simpson Manufacturing by 13.0% in the 1st quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company's stock valued at $9,527,000 after purchasing an additional 5,339 shares during the period. Finally, BOKF NA grew its position in shares of Simpson Manufacturing by 77.1% during the 1st quarter. BOKF NA now owns 1,725 shares of the construction company's stock worth $347,000 after purchasing an additional 751 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Roger Dankel sold 2,700 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Simpson Manufacturing news, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the transaction, the director now directly owns 866 shares of the company's stock, valued at approximately $154,797.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Roger Dankel sold 2,700 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the completion of the sale, the executive vice president now owns 24,064 shares in the company, valued at $4,582,748.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,571 shares of company stock worth $2,348,027. Insiders own 0.42% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an "outperform" rating in a research report on Monday.

Simpson Manufacturing Price Performance

Shares of SSD traded down $3.83 during midday trading on Monday, hitting $186.25. The company's stock had a trading volume of 202,970 shares, compared to its average volume of 280,823. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38. The stock has a market capitalization of $7.85 billion, a price-to-earnings ratio of 23.91 and a beta of 1.32. The company's fifty day simple moving average is $183.96 and its two-hundred day simple moving average is $178.20.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). The business had revenue of $587.15 million during the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business's revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.43 EPS. As a group, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. Simpson Manufacturing's dividend payout ratio is currently 14.38%.

About Simpson Manufacturing

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.