Parkside Financial Bank & Trust Has $432,000 Holdings in Simpson Manufacturing Company, Inc. $SSD

Parkside Financial Bank & Trust grew its holdings in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 229.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,779 shares of the construction company’s stock after buying an additional 1,935 shares during the period. Parkside Financial Bank & Trust’s holdings in Simpson Manufacturing were worth $432,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Simpson Manufacturing by 0.9% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,534,724 shares of the construction company’s stock valued at $712,314,000 after acquiring an additional 40,461 shares during the period. JPMorgan Chase & Co. increased its stake in Simpson Manufacturing by 1.8% in the first quarter. JPMorgan Chase & Co. now owns 1,747,872 shares of the construction company’s stock valued at $274,556,000 after purchasing an additional 30,614 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Simpson Manufacturing by 6.8% in the first quarter. Burgundy Asset Management Ltd. now owns 673,535 shares of the construction company’s stock valued at $105,799,000 after purchasing an additional 43,099 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Simpson Manufacturing by 8.0% during the 1st quarter. Ameriprise Financial Inc. now owns 627,696 shares of the construction company’s stock worth $98,602,000 after purchasing an additional 46,290 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Simpson Manufacturing by 0.7% during the 1st quarter. Northern Trust Corp now owns 556,097 shares of the construction company’s stock worth $87,352,000 after purchasing an additional 4,111 shares in the last quarter. Institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

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

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $170.48 on Monday. Simpson Manufacturing Company, Inc. has a 52 week low of $137.35 and a 52 week high of $197.82. The company has a quick ratio of 1.80, a current ratio of 3.35 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $177.79 and a 200-day moving average price of $170.26. The company has a market cap of $7.09 billion, a PE ratio of 20.76 and a beta of 1.27.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, beating 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 return on equity of 18.11% and a net margin of 14.90%.Simpson Manufacturing’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.21 earnings per share. Equities analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Announces Dividend

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

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the sale, the executive vice president owned 7,810 shares in the company, valued at $1,531,775.30. This represents a 11.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by insiders.

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.