Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by Whittier Trust Co.

Whittier Trust Co. lifted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,861 shares of the construction company’s stock after purchasing an additional 3,283 shares during the period. Whittier Trust Co.’s holdings in Simpson Manufacturing were worth $15,466,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SSD. SkyView Investment Advisors LLC boosted its holdings in Simpson Manufacturing by 0.7% in the second quarter. SkyView Investment Advisors LLC now owns 9,161 shares of the construction company’s stock valued at $1,544,000 after purchasing an additional 67 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Simpson Manufacturing by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 4,136 shares of the construction company’s stock worth $697,000 after buying an additional 72 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Simpson Manufacturing by 1.8% in the first quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock worth $1,031,000 after buying an additional 90 shares during the last quarter. Private Advisor Group LLC boosted its stake in Simpson Manufacturing by 4.3% during the 1st quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock valued at $451,000 after acquiring an additional 91 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Simpson Manufacturing by 4.0% in the 3rd quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock valued at $466,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In other Simpson Manufacturing news, 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 directly owns 24,064 shares of the company’s stock, valued at approximately $4,582,748.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the transaction, the executive vice president now directly owns 24,064 shares of the company’s stock, valued at $4,582,748.16. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jennifer Lutz sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the sale, the executive vice president now directly owns 4,033 shares of the company’s stock, valued at $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,571 shares of company stock valued at $2,348,027 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird boosted their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a report on Monday.

Simpson Manufacturing Stock Performance

SSD stock traded down $3.69 during midday trading on Monday, reaching $186.39. The company had a trading volume of 94,588 shares, compared to its average volume of 280,290. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $7.86 billion, a PE ratio of 24.11 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38. The stock has a 50 day moving average price of $183.96 and a 200 day moving average price of $178.33.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 22nd. The construction company reported $2.31 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The business had revenue of $596.98 million during the quarter, compared to analyst estimates of $604.67 million. During the same quarter in the prior year, the business earned $2.50 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. Analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current 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 paid a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 annualized dividend and a yield of 0.60%. Simpson Manufacturing’s payout ratio is 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.