Whittier Trust Co. Acquires 2,819 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Whittier Trust Co. grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 83,680 shares of the construction company’s stock after buying an additional 2,819 shares during the period. Whittier Trust Co. owned approximately 0.20% of Simpson Manufacturing worth $13,876,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Simpson Manufacturing by 16.8% in the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock valued at $74,000 after purchasing an additional 64 shares during the period. CIBC Asset Management Inc lifted its holdings in Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after purchasing an additional 64 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Simpson Manufacturing by 1.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock valued at $1,042,000 after acquiring an additional 88 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company’s stock valued at $45,000 after acquiring an additional 95 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after acquiring an additional 97 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Up 0.4 %

Simpson Manufacturing stock opened at $159.42 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. Simpson Manufacturing Co., Inc. has a one year low of $153.87 and a one year high of $208.12. The stock has a fifty day moving average of $165.47 and a 200 day moving average of $175.95. The stock has a market cap of $6.72 billion, a PE ratio of 20.98 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.70%. Simpson Manufacturing’s dividend payout ratio is presently 14.74%.

Insider Activity

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing 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 completion of the sale, the executive vice president now owns 8,810 shares of the company’s stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

SSD has been the subject of a number of recent research reports. DA Davidson dropped their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Robert W. Baird decreased their price target on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

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.