203,524 Shares in Simpson Manufacturing Company, Inc. $SSD Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSDFree Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 203,524 shares of the construction company’s stock, valued at approximately $42,608,000. The Manufacturers Life Insurance Company owned approximately 0.49% of Simpson Manufacturing as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Candriam S.C.A. acquired a new position in shares of Simpson Manufacturing during the 1st quarter worth approximately $7,133,000. Cooke & Bieler LP grew its holdings in Simpson Manufacturing by 77.9% during the 4th quarter. Cooke & Bieler LP now owns 129,685 shares of the construction company’s stock valued at $20,940,000 after buying an additional 56,769 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Simpson Manufacturing during the 1st quarter valued at $4,424,000. BlackRock Inc. purchased a new position in Simpson Manufacturing during the second quarter worth $862,138,000. Finally, Callan Family Office LLC purchased a new position in Simpson Manufacturing during the second quarter worth $10,695,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

SSD has been the subject of a number of analyst reports. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 24th. Wall Street Zen cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Stephens lifted their price objective on Simpson Manufacturing from $210.00 to $215.00 and gave the stock a “cautious” rating in a research report on Tuesday, July 28th. UBS Group reissued a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Finally, Stifel Nicolaus upped their target price on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Simpson Manufacturing presently has a consensus rating of “Hold” and an average target price of $216.25.

Read Our Latest Research Report on Simpson Manufacturing

Simpson Manufacturing Stock Down 1.0%

SSD opened at $184.80 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.29 and a quick ratio of 2.14. The stock has a market capitalization of $7.60 billion, a price-to-earnings ratio of 20.20 and a beta of 1.31. The business has a 50-day moving average of $194.22 and a two-hundred day moving average of $188.55. Simpson Manufacturing Company, Inc. has a 12 month low of $156.32 and a 12 month high of $213.49.

Simpson Manufacturing (NYSE:SSDGet Free Report) last announced its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.37. The business had revenue of $671.08 million for the quarter, compared to analyst estimates of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The company’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.47 EPS. On average, research analysts expect that Simpson Manufacturing Company, Inc. will post 9.09 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.20 annualized dividend and a yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is 13.11%.

Simpson Manufacturing Profile

(Free Report)

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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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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