AHL Partners LLP lifted its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,605 shares of the construction company’s stock after acquiring an additional 3,172 shares during the quarter. AHL Partners LLP owned 0.16% of Simpson Manufacturing worth $3,261,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Simpson Manufacturing by 155,956.1% in the first quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock worth $224,596,000 after acquiring an additional 5,208,933 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Simpson Manufacturing in the second quarter worth approximately $6,285,000. Comerica Bank grew its stake in shares of Simpson Manufacturing by 81.8% in the second quarter. Comerica Bank now owns 82,300 shares of the construction company’s stock worth $3,604,000 after acquiring an additional 37,030 shares during the period. Bank of America Corp DE grew its stake in shares of Simpson Manufacturing by 85.8% in the first quarter. Bank of America Corp DE now owns 241,794 shares of the construction company’s stock worth $10,419,000 after acquiring an additional 111,672 shares during the period. Finally, Whittier Trust Co. grew its stake in shares of Simpson Manufacturing by 2.5% in the second quarter. Whittier Trust Co. now owns 35,123 shares of the construction company’s stock worth $1,535,000 after acquiring an additional 868 shares during the period. Hedge funds and other institutional investors own 83.63% of the company’s stock.
SSD has been the subject of a number of research analyst reports. Zacks Investment Research lowered 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 “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.
Shares of Simpson Manufacturing Company, Inc. (SSD) opened at 49.52 on Wednesday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 24.16 and a beta of 1.40. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $50.10. The stock has a 50 day moving average of $46.48 and a 200-day moving average of $43.53.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The company had revenue of $263.00 million for the quarter, compared to the consensus estimate of $259.05 million. During the same quarter in the prior year, the company earned $0.54 EPS. Simpson Manufacturing’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be issued a $0.21 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 annualized dividend and a yield of 1.70%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 40.98%.
In related news, major shareholder Sharon H. Simpson sold 72,424 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $200,724.00, for a total value of $14,537,234,976.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Psb Fund Simpson sold 95,322 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $49.54, for a total transaction of $4,722,251.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 310,752 shares of company stock worth $14,549,010,118. 0.36% of the stock is owned by corporate insiders.
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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.
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