Whittier Trust Co. of Nevada Inc. lowered its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD – Free Report) by 19.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,806 shares of the construction company’s stock after selling 9,893 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.10% of Simpson Manufacturing worth $7,839,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. ValueAct Holdings L.P. increased its holdings in Simpson Manufacturing by 21.9% during the 4th quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock worth $237,707,000 after purchasing an additional 264,200 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Simpson Manufacturing by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock valued at $141,826,000 after purchasing an additional 31,744 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Simpson Manufacturing by 0.5% during the 1st quarter. Quantinno Capital Management LP now owns 857,918 shares of the construction company’s stock valued at $147,236,000 after buying an additional 4,168 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Simpson Manufacturing by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock valued at $123,603,000 after buying an additional 6,869 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Simpson Manufacturing by 11,044.7% during the fourth quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock worth $109,556,000 after buying an additional 672,402 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
Simpson Manufacturing Price Performance
Shares of NYSE SSD opened at $195.22 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $8.03 billion, a price-to-earnings ratio of 21.34 and a beta of 1.31. Simpson Manufacturing Company, Inc. has a twelve month low of $156.32 and a twelve month high of $213.49. The business has a 50 day simple moving average of $194.42 and a 200-day simple moving average of $188.08.
Simpson Manufacturing Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, October 1st. Simpson Manufacturing’s dividend payout ratio is 13.11%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on SSD shares. Robert W. Baird lifted their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Finally, DA Davidson upped their target price on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $216.25.
View Our Latest Stock Report on SSD
Simpson Manufacturing Profile
Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.
Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.
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