Simpson Manufacturing Co, Inc. (SSD) Shares Bought by Glenmede Trust Co. NA

Glenmede Trust Co. NA grew its position in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 152.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,196 shares of the construction company’s stock after purchasing an additional 1,932 shares during the period. Glenmede Trust Co. NA’s holdings in Simpson Manufacturing were worth $231,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Conestoga Capital Advisors LLC increased its position in shares of Simpson Manufacturing by 12.1% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,581,452 shares of the construction company’s stock valued at $114,592,000 after purchasing an additional 170,285 shares during the period. SG Americas Securities LLC increased its position in shares of Simpson Manufacturing by 55.2% during the 2nd quarter. SG Americas Securities LLC now owns 16,937 shares of the construction company’s stock valued at $1,053,000 after purchasing an additional 6,023 shares during the period. California Public Employees Retirement System increased its position in shares of Simpson Manufacturing by 10.8% during the 2nd quarter. California Public Employees Retirement System now owns 82,516 shares of the construction company’s stock valued at $5,132,000 after purchasing an additional 8,018 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Simpson Manufacturing during the 3rd quarter valued at $4,782,000. Finally, Lee Financial Group Hawaii Inc. increased its position in shares of Simpson Manufacturing by 4.0% during the 3rd quarter. Lee Financial Group Hawaii Inc. now owns 35,224 shares of the construction company’s stock valued at $2,552,000 after purchasing an additional 1,358 shares during the period. Institutional investors own 88.79% of the company’s stock.

Shares of NYSE SSD opened at $54.79 on Thursday. The firm has a market capitalization of $2.49 billion, a P/E ratio of 27.67, a P/E/G ratio of 3.52 and a beta of 1.60. Simpson Manufacturing Co, Inc. has a 52-week low of $49.54 and a 52-week high of $78.36.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, October 29th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. The business had revenue of $284.18 million for the quarter, compared to analysts’ expectations of $296.80 million. Simpson Manufacturing had a return on equity of 14.43% and a net margin of 11.88%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. Analysts anticipate that Simpson Manufacturing Co, Inc. will post 3.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 24th. Investors of record on Thursday, January 3rd will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, January 2nd. Simpson Manufacturing’s payout ratio is 44.44%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Robert W. Baird cut Simpson Manufacturing from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $75.00 to $72.00 in a report on Monday, October 15th.

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Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

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

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