Simpson Manufacturing Company, Inc. (SSD) Shares Bought by BlackRock Inc.
BlackRock Inc. raised its stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,256,026 shares of the construction company’s stock after purchasing an additional 43,753 shares during the quarter. BlackRock Inc. owned 11.03% of Simpson Manufacturing worth $229,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Riverhead Capital Management LLC lifted its position in Simpson Manufacturing by 62.3% during the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the construction company’s stock valued at $114,000 after purchasing an additional 996 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Simpson Manufacturing during the second quarter worth approximately $148,000. Ameritas Investment Partners Inc. purchased a new position in shares of Simpson Manufacturing during the first quarter worth approximately $154,000. Victory Capital Management Inc. raised its stake in shares of Simpson Manufacturing by 49.8% during the first quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock worth $220,000 after acquiring an additional 1,693 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Simpson Manufacturing by 12.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,261 shares of the construction company’s stock worth $227,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.
In related news, insider Psb Fund Simpson sold 72,424 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.23, for a total value of $3,565,433.52. Following the completion of the sale, the insider now directly owns 1,266,213 shares in the company, valued at $62,335,665.99. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 240,170 shares of company stock valued at $14,545,522,661. 0.36% of the stock is owned by corporate insiders.
Simpson Manufacturing Company, Inc. (NYSE:SSD) opened at 49.39 on Friday. The company has a 50 day moving average of $46.06 and a 200 day moving average of $43.40. The stock has a market capitalization of $2.33 billion, a P/E ratio of 24.09 and a beta of 1.40. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $50.10.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $263.00 million during the quarter, compared to the consensus estimate of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. Simpson Manufacturing’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. Equities analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be given a $0.21 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.70%. Simpson Manufacturing’s dividend payout ratio is presently 40.98%.
Several research firms have commented on SSD. BidaskClub downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd.
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Simpson Manufacturing Profile
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.
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