Whittier Trust Co. of Nevada Inc. Has $7.47 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Whittier Trust Co. of Nevada Inc. boosted its position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,020 shares of the construction company's stock after buying an additional 2,065 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.11% of Simpson Manufacturing worth $7,466,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Park Place Capital Corp acquired a new position in Simpson Manufacturing in the fourth quarter worth $29,000. R Squared Ltd bought a new position in shares of Simpson Manufacturing in the 4th quarter worth about $30,000. Prospera Private Wealth LLC acquired a new position in shares of Simpson Manufacturing in the 3rd quarter valued at about $37,000. UMB Bank n.a. grew its position in shares of Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after buying an additional 97 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in Simpson Manufacturing during the third quarter worth about $51,000. Institutional investors and hedge funds own 93.68% of the company's stock.

Analysts Set New Price Targets

SSD has been the subject of several recent research reports. Robert W. Baird lowered 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 lowered 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.

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Simpson Manufacturing Stock Performance

NYSE:SSD traded up $0.66 during mid-day trading on Tuesday, hitting $160.40. The stock had a trading volume of 201,624 shares, compared to its average volume of 268,404. Simpson Manufacturing Co., Inc. has a 52 week low of $152.74 and a 52 week high of $206.48. The company has a current ratio of 3.21, a quick ratio of 1.59 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 21.11 and a beta of 1.39. The company has a 50 day simple moving average of $165.37 and a 200-day simple moving average of $175.57.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last announced its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. On average, research analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 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, April 24th. Shareholders of record on Thursday, April 3rd will be given a $0.28 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. Simpson Manufacturing's dividend payout ratio (DPR) is 14.74%.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.42% of the stock is currently owned by company insiders.

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.