Riverhead Capital Management LLC boosted its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 62.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,596 shares of the construction company’s stock after acquiring an additional 996 shares during the period. Riverhead Capital Management LLC’s holdings in Simpson Manufacturing were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Granite Investment Partners LLC boosted its holdings in Simpson Manufacturing by 0.4% in the second quarter. Granite Investment Partners LLC now owns 24,658 shares of the construction company’s stock valued at $1,078,000 after acquiring an additional 94 shares during the last quarter. Arizona State Retirement System boosted its holdings in Simpson Manufacturing by 0.5% in the second quarter. Arizona State Retirement System now owns 21,164 shares of the construction company’s stock valued at $925,000 after acquiring an additional 100 shares during the last quarter. Wrapmanager Inc. boosted its holdings in Simpson Manufacturing by 3.5% in the second quarter. Wrapmanager Inc. now owns 5,310 shares of the construction company’s stock valued at $232,000 after acquiring an additional 181 shares during the last quarter. Texas Permanent School Fund boosted its holdings in Simpson Manufacturing by 0.8% in the second quarter. Texas Permanent School Fund now owns 29,574 shares of the construction company’s stock valued at $1,293,000 after acquiring an additional 249 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its holdings in Simpson Manufacturing by 3.1% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,490 shares of the construction company’s stock valued at $502,000 after acquiring an additional 350 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

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Several equities analysts recently issued reports on SSD shares. BidaskClub upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Monday, June 19th. Zacks Investment Research upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Tuesday, July 25th.

In related news, major shareholder Sharon H. Simpson sold 72,424 shares of the business’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $200,724.00, for a total transaction of $14,537,234,976.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Psb Fund Simpson sold 95,322 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $49.54, for a total value of $4,722,251.88. The disclosure for this sale can be found here. Insiders have sold a total of 240,170 shares of company stock worth $14,545,522,661 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 49.25 on Friday. The company has a market cap of $2.33 billion, a PE ratio of 24.02 and a beta of 1.40. Simpson Manufacturing Company, Inc. has a 12-month low of $39.82 and a 12-month high of $50.10. The company has a 50-day moving average price of $45.86 and a 200 day moving average price of $43.36.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $263.00 million for the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. Simpson Manufacturing’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. On average, analysts forecast that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.71%. Simpson Manufacturing’s dividend payout ratio is currently 40.98%.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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