Geode Capital Management LLC increased its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 3.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 312,695 shares of the construction company’s stock after buying an additional 10,437 shares during the period. Geode Capital Management LLC owned about 0.66% of Simpson Manufacturing worth $13,473,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Simpson Manufacturing by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,561,119 shares of the construction company’s stock worth $153,448,000 after buying an additional 123,129 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Simpson Manufacturing by 46.1% in the first quarter. Wells Fargo & Company MN now owns 1,470,632 shares of the construction company’s stock worth $63,369,000 after buying an additional 464,356 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Simpson Manufacturing by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 1,057,804 shares of the construction company’s stock valued at $45,580,000 after buying an additional 177,602 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in Simpson Manufacturing by 4.0% in the first quarter. Conestoga Capital Advisors LLC now owns 1,005,160 shares of the construction company’s stock valued at $43,312,000 after buying an additional 38,695 shares in the last quarter. Finally, FMR LLC boosted its position in Simpson Manufacturing by 0.4% in the first quarter. FMR LLC now owns 642,274 shares of the construction company’s stock valued at $27,676,000 after buying an additional 2,340 shares in the last quarter. 84.17% of the stock is currently owned by institutional investors and hedge funds.
Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 43.87 on Friday. The firm’s 50-day moving average is $43.79 and its 200-day moving average is $42.73. Simpson Manufacturing Company, Inc. has a one year low of $39.82 and a one year high of $48.41. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 21.40 and a beta of 1.41.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The firm had revenue of $263 million during the quarter, compared to the consensus estimate of $259.05 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts forecast that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.
WARNING: This report was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://stocknewstimes.com/2017/08/11/simpson-manufacturing-company-inc-nysessd-stake-raised-by-geode-capital-management-llc-updated-updated.html.
Several research firms have issued reports on SSD. Zacks Investment Research cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, June 19th.
In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 67,163 shares of the business’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $43.62, for a total transaction of $2,929,650.06. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Sharon H. Simpson sold 60,061 shares of the business’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $43.46, for a total value of $2,610,251.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 350,999 shares of company stock valued at $15,341,008. 0.36% of the stock is owned by company insiders.
About Simpson Manufacturing
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.
Receive News & Ratings for Simpson Manufacturing Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
