Whittier Trust Co. Sells 19,879 Shares of Simpson Manufacturing Company, Inc. $SSD

Whittier Trust Co. reduced its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 20.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 77,650 shares of the construction company’s stock after selling 19,879 shares during the quarter. Whittier Trust Co.’s holdings in Simpson Manufacturing were worth $15,345,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Simpson Manufacturing by 51.3% in the first quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock valued at $798,000 after purchasing an additional 1,726 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of Simpson Manufacturing by 11.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock worth $427,000 after buying an additional 286 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Simpson Manufacturing during the 1st quarter worth $531,000. Goldman Sachs Group Inc. grew its stake in Simpson Manufacturing by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock valued at $33,327,000 after buying an additional 64,114 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Simpson Manufacturing by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock valued at $19,022,000 after buying an additional 12,865 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the topic of several research analyst reports. UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a research report on Tuesday, July 28th. Robert W. Baird boosted their price objective on Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Stephens increased their target price on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research note on Tuesday, July 28th. Wall Street Zen lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, DA Davidson lifted their price target on Simpson Manufacturing from $200.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $216.25.

Simpson Manufacturing Stock Performance

SSD opened at $195.22 on Friday. The stock has a market cap of $8.03 billion, a PE ratio of 21.34 and a beta of 1.31. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15. Simpson Manufacturing Company, Inc. has a 1 year low of $156.32 and a 1 year high of $213.49. The stock’s 50 day simple moving average is $194.42 and its 200-day simple moving average is $188.08.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. The company had revenue of $671.08 million during the quarter, compared to analysts’ expectations of $658.76 million. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.47 EPS. Sell-side analysts forecast that Simpson Manufacturing Company, Inc. will post 9.09 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors 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 dividend on an annualized basis and a yield of 0.6%. Simpson Manufacturing’s 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.