State Street Corp Has $240.39 Million Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

State Street Corp raised its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,256,820 shares of the construction company's stock after buying an additional 20,404 shares during the period. State Street Corp owned 2.98% of Simpson Manufacturing worth $240,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in shares of Simpson Manufacturing by 389.7% during the 2nd quarter. SG Americas Securities LLC now owns 6,161 shares of the construction company's stock valued at $1,038,000 after acquiring an additional 4,903 shares in the last quarter. Hunter Perkins Capital Management LLC grew its holdings in shares of Simpson Manufacturing by 8.0% during the second quarter. Hunter Perkins Capital Management LLC now owns 7,050 shares of the construction company's stock worth $1,188,000 after purchasing an additional 520 shares during the last quarter. Genesee Capital Advisors LLC grew its holdings in shares of Simpson Manufacturing by 24.9% during the second quarter. Genesee Capital Advisors LLC now owns 3,460 shares of the construction company's stock worth $583,000 after purchasing an additional 690 shares during the last quarter. Raymond James & Associates raised its holdings in Simpson Manufacturing by 7.4% in the 2nd quarter. Raymond James & Associates now owns 227,759 shares of the construction company's stock valued at $38,384,000 after buying an additional 15,776 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in Simpson Manufacturing in the 2nd quarter valued at approximately $213,000. Institutional investors own 93.68% of the company's stock.

Analysts Set New Price Targets

Separately, Robert W. Baird upped their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an "outperform" rating in a research report on Monday, October 21st.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company's stock, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Down 2.3 %

Shares of SSD traded down $4.32 during mid-day trading on Thursday, reaching $185.69. 279,080 shares of the company were exchanged, compared to its average volume of 273,542. The business has a 50 day simple moving average of $185.53 and a two-hundred day simple moving average of $179.61. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The stock has a market capitalization of $7.83 billion, a PE ratio of 24.53 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a 52 week low of $157.42 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. During the same quarter in the previous year, the business posted $2.43 EPS. The firm's revenue for the quarter was up 1.2% compared to the same quarter last year. On average, analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.60%. Simpson Manufacturing's payout ratio is 14.80%.

Simpson Manufacturing 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.