Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company reduced its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,969 shares of the construction company’s stock after selling 1,548 shares during the period. The Manufacturers Life Insurance Company’s holdings in Simpson Manufacturing were worth $42,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth $34,000. Prospera Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing during the third quarter worth $37,000. Huntington National Bank lifted its stake in shares of Simpson Manufacturing by 73.2% during the third quarter. Huntington National Bank now owns 336 shares of the construction company’s stock worth $64,000 after buying an additional 142 shares during the period. GAMMA Investing LLC lifted its stake in shares of Simpson Manufacturing by 93.9% during the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after buying an additional 184 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Simpson Manufacturing during the second quarter worth $77,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Down 0.6 %

Shares of Simpson Manufacturing stock opened at $186.77 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The firm has a fifty day moving average price of $186.72 and a 200 day moving average price of $178.64. Simpson Manufacturing Co., Inc. has a 1 year low of $157.42 and a 1 year high of $218.38. The stock has a market cap of $7.87 billion, a PE ratio of 24.67 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period last year, the business earned $2.43 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. Simpson Manufacturing’s payout ratio is 14.80%.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

Simpson Manufacturing Profile

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.