Mitsubishi UFJ Trust & Banking Corp Sells 9,109 Shares of Simpson Manufacturing Company, Inc. $SSD

Mitsubishi UFJ Trust & Banking Corp lowered its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 15.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 51,520 shares of the construction company’s stock after selling 9,109 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.12% of Simpson Manufacturing worth $8,002,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Simpson Manufacturing by 13.4% in the second quarter. Public Employees Retirement System of Ohio now owns 25,204 shares of the construction company’s stock worth $3,914,000 after acquiring an additional 2,975 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Simpson Manufacturing by 11.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,824 shares of the construction company’s stock worth $286,000 after purchasing an additional 181 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Simpson Manufacturing in the 2nd quarter worth approximately $314,000. Whittier Trust Co. of Nevada Inc. boosted its stake in Simpson Manufacturing by 3.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 48,109 shares of the construction company’s stock worth $7,472,000 after purchasing an additional 1,461 shares during the period. Finally, Vancity Investment Management Ltd purchased a new stake in Simpson Manufacturing during the 1st quarter valued at approximately $807,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Down 1.3%

NYSE SSD opened at $164.21 on Monday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.80 and a current ratio of 3.35. The company has a market capitalization of $6.81 billion, a P/E ratio of 20.00 and a beta of 1.27. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The stock has a 50 day moving average price of $175.38 and a 200-day moving average price of $170.72.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.21. The company had revenue of $623.51 million for the quarter, compared to analysts’ expectations of $607.79 million. Simpson Manufacturing had a net margin of 14.90% and a return on equity of 18.11%. Simpson Manufacturing’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.21 earnings per share. As a group, equities analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Friday, January 2nd will be issued a $0.29 dividend. The ex-dividend date is Friday, January 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. Simpson Manufacturing’s payout ratio is 14.13%.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $196.13, for a total transaction of $196,130.00. Following the sale, the executive vice president directly owned 7,810 shares in the company, valued at approximately $1,531,775.30. This represents a 11.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Simpson Manufacturing from $190.00 to $212.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. DA Davidson reiterated a “neutral” rating and issued a $190.00 price target on shares of Simpson Manufacturing in a report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Simpson Manufacturing currently has an average rating of “Hold” and an average price target of $201.00.

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.