985 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group purchased a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 985 shares of the construction company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SSD. Comerica Bank grew its stake in shares of Simpson Manufacturing by 669.6% in the 3rd quarter. Comerica Bank now owns 131,939 shares of the construction company’s stock worth $19,766,000 after buying an additional 114,795 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in Simpson Manufacturing by 74.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock valued at $501,000 after purchasing an additional 1,430 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in Simpson Manufacturing by 96.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,366 shares of the construction company’s stock valued at $2,152,000 after purchasing an additional 7,045 shares during the last quarter. Whittier Trust Co. boosted its stake in Simpson Manufacturing by 2.7% during the 4th quarter. Whittier Trust Co. now owns 85,507 shares of the construction company’s stock valued at $16,929,000 after purchasing an additional 2,219 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Simpson Manufacturing by 4.8% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 45,702 shares of the construction company’s stock valued at $9,048,000 after purchasing an additional 2,107 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity

In other news, EVP Jennifer Lutz sold 750 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the transaction, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the transaction, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Roger Dankel sold 2,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total value of $350,260.00. Following the completion of the transaction, the executive vice president now directly owns 26,764 shares in the company, valued at $4,687,179.32. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on SSD shares. Robert W. Baird increased their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD traded up $2.86 during midday trading on Wednesday, hitting $168.25. 85,011 shares of the stock traded hands, compared to its average volume of 312,667. The firm has a 50-day moving average of $169.49 and a two-hundred day moving average of $183.94. The firm has a market capitalization of $7.09 billion, a P/E ratio of 20.73 and a beta of 1.32. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.19 and a current ratio of 3.77. Simpson Manufacturing Co., Inc. has a one year low of $123.93 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. Simpson Manufacturing’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.05 earnings per share. On average, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.67%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, July 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.04%.

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.