Whittier Trust Co. Acquires 1,979 Shares of Simpson Manufacturing Company, Inc. $SSD

Whittier Trust Co. raised its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 2.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,337 shares of the construction company’s stock after purchasing an additional 1,979 shares during the period. Whittier Trust Co.’s holdings in Simpson Manufacturing were worth $13,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Klingman & Associates LLC bought a new stake in shares of Simpson Manufacturing during the second quarter valued at approximately $277,000. Mutual of America Capital Management LLC increased its position in shares of Simpson Manufacturing by 120.9% during the second quarter. Mutual of America Capital Management LLC now owns 47,925 shares of the construction company’s stock valued at $7,443,000 after acquiring an additional 26,225 shares in the last quarter. Moran Wealth Management LLC increased its position in shares of Simpson Manufacturing by 1.9% during the second quarter. Moran Wealth Management LLC now owns 30,748 shares of the construction company’s stock valued at $4,775,000 after acquiring an additional 577 shares in the last quarter. Vest Financial LLC increased its position in shares of Simpson Manufacturing by 74.2% during the second quarter. Vest Financial LLC now owns 24,826 shares of the construction company’s stock valued at $3,856,000 after acquiring an additional 10,571 shares in the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of Simpson Manufacturing during the second quarter valued at approximately $1,265,000. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Jeremy Gilstrap sold 2,500 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the sale, the executive vice president owned 7,794 shares of the company’s stock, valued at approximately $1,389,436.38. The trade was a 24.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $196.13, for a total transaction of $196,130.00. Following the completion of the sale, the executive vice president directly owned 7,810 shares of the company’s stock, valued at approximately $1,531,775.30. This trade represents a 11.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.39% of the company’s stock.

Simpson Manufacturing Trading Up 1.0%

NYSE:SSD opened at $176.08 on Tuesday. The company has a current ratio of 3.37, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18. Simpson Manufacturing Company, Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a market cap of $7.33 billion, a PE ratio of 22.46 and a beta of 1.28. The company has a 50 day simple moving average of $182.39 and a two-hundred day simple moving average of $167.32.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 28th. The construction company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. The business had revenue of $631.06 million during the quarter, compared to the consensus estimate of $601.80 million. During the same quarter in the previous year, the firm posted $2.31 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. Research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 2nd will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, October 2nd. Simpson Manufacturing’s payout ratio is 14.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SSD shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Simpson Manufacturing in a research report on Wednesday, October 8th. DA Davidson raised their price target on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, September 25th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $191.00.

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.