Simpson Manufacturing Company, Inc. $SSD Holdings Cut by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. reduced its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 19.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,806 shares of the construction company’s stock after selling 9,893 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Simpson Manufacturing were worth $7,839,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. ValueAct Holdings L.P. raised its position in shares of Simpson Manufacturing by 21.9% during the 4th quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock worth $237,707,000 after purchasing an additional 264,200 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Simpson Manufacturing by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock worth $141,826,000 after purchasing an additional 31,744 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Simpson Manufacturing by 0.5% in the 1st quarter. Quantinno Capital Management LP now owns 857,918 shares of the construction company’s stock worth $147,236,000 after purchasing an additional 4,168 shares during the last quarter. Geode Capital Management LLC boosted its position in Simpson Manufacturing by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock valued at $123,603,000 after purchasing an additional 6,869 shares during the period. Finally, Bank of Montreal Can boosted its position in Simpson Manufacturing by 11,044.7% during the 4th quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after purchasing an additional 672,402 shares during the period. 93.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SSD has been the topic of several analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Wall Street Zen downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Finally, DA Davidson increased their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Simpson Manufacturing presently has an average rating of “Hold” and an average target price of $216.25.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $195.22 on Friday. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. The stock has a 50 day simple moving average of $194.42 and a 200-day simple moving average of $188.08. The company has a market cap of $8.03 billion, a PE ratio of 21.34 and a beta of 1.31. Simpson Manufacturing Company, Inc. has a 12-month low of $156.32 and a 12-month high of $213.49.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, beating the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%.The firm had revenue of $671.08 million for the quarter, compared to analysts’ expectations of $658.76 million. During the same period last year, the firm earned $2.47 EPS. The firm’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post 9.09 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.20 annualized dividend and a dividend yield of 0.6%. Simpson Manufacturing’s dividend payout ratio is presently 13.11%.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.