Whittier Trust Co. increased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 83,680 shares of the construction company's stock after purchasing an additional 2,819 shares during the period. Whittier Trust Co. owned approximately 0.20% of Simpson Manufacturing worth $13,876,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company's stock worth $327,140,000 after buying an additional 333,390 shares during the period. State Street Corp grew its holdings in shares of Simpson Manufacturing by 1.7% in the third quarter. State Street Corp now owns 1,256,820 shares of the construction company's stock valued at $240,392,000 after purchasing an additional 20,404 shares in the last quarter. Geode Capital Management LLC increased its stake in Simpson Manufacturing by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 707,664 shares of the construction company's stock worth $135,390,000 after buying an additional 7,351 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Simpson Manufacturing by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company's stock worth $81,354,000 after buying an additional 3,467 shares in the last quarter. Finally, Port Capital LLC grew its stake in shares of Simpson Manufacturing by 0.3% in the third quarter. Port Capital LLC now owns 369,255 shares of the construction company's stock worth $70,627,000 after acquiring an additional 975 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company's stock.
Insider Activity at Simpson Manufacturing
In other news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the completion of the sale, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by corporate insiders.
Simpson Manufacturing Stock Up 2.9 %
Shares of NYSE:SSD traded up $4.43 during trading hours on Monday, reaching $159.88. The stock had a trading volume of 163,376 shares, compared to its average volume of 268,448. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 21.04 and a beta of 1.39. The firm's 50 day moving average is $165.37 and its 200-day moving average is $175.57. Simpson Manufacturing Co., Inc. has a 1 year low of $152.74 and a 1 year high of $206.48. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.
Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its earnings results on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. Research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.
Simpson Manufacturing Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.70%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing's payout ratio is 14.74%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. Robert W. Baird decreased their target price on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. DA Davidson decreased their price objective on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.
View Our Latest Analysis on SSD
About Simpson Manufacturing
(
Free Report)
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.
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