Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Increased by First Hawaiian Bank

First Hawaiian Bank boosted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.2% in the first quarter, Holdings Channel.com reports. The firm owned 1,527 shares of the construction company’s stock after purchasing an additional 102 shares during the period. First Hawaiian Bank’s holdings in Simpson Manufacturing were worth $240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Simpson Manufacturing by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company’s stock worth $697,294,000 after purchasing an additional 31,164 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Simpson Manufacturing by 4.6% in the 4th quarter. Baker Avenue Asset Management LP now owns 1,399,918 shares of the construction company’s stock valued at $232,148,000 after buying an additional 62,165 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Simpson Manufacturing by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company’s stock valued at $117,804,000 after buying an additional 2,502 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in Simpson Manufacturing by 1.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 630,436 shares of the construction company’s stock worth $104,545,000 after buying an additional 10,940 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Simpson Manufacturing by 90.4% during the fourth quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company’s stock valued at $96,405,000 after acquiring an additional 275,989 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $155.70 on Monday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The business has a 50-day moving average of $153.78 and a two-hundred day moving average of $164.35. The stock has a market capitalization of $6.51 billion, a P/E ratio of 20.49 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The business had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. During the same period last year, the business earned $1.77 EPS. The firm’s revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a $0.29 dividend. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.75%. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 15.10%.

Analyst Ratings Changes

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

Simpson Manufacturing Company 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.