Whittier Trust Co. of Nevada Inc. Purchases 1,956 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 42,955 shares of the construction company’s stock after buying an additional 1,956 shares during the period. Whittier Trust Co. of Nevada Inc. owned about 0.10% of Simpson Manufacturing worth $8,216,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new position in Simpson Manufacturing during the 1st quarter valued at about $29,000. V Square Quantitative Management LLC bought a new position in Simpson Manufacturing in the third quarter worth about $34,000. Benjamin F. Edwards & Company Inc. grew its position in shares of Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock worth $45,000 after buying an additional 187 shares during the period. CWM LLC raised its stake in Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after buying an additional 108 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Simpson Manufacturing by 93.9% during the third quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock valued at $73,000 after buying an additional 184 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Jennifer Lutz sold 1,000 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $175.58, for a total transaction of $175,580.00. Following the transaction, the executive vice president now owns 4,033 shares of the company’s stock, valued at $708,114.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Jennifer Lutz sold 1,000 shares of Simpson Manufacturing stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $175.58, for a total value of $175,580.00. Following the completion of the transaction, the executive vice president now directly owns 4,033 shares in the company, valued at approximately $708,114.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roger Dankel sold 2,700 shares of Simpson Manufacturing stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $190.44, for a total value of $514,188.00. Following the sale, the executive vice president now directly owns 24,064 shares in the company, valued at approximately $4,582,748.16. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,571 shares of company stock valued at $2,348,027. Corporate insiders own 0.42% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research report on Monday.

Simpson Manufacturing Stock Performance

Shares of SSD traded down $3.69 during mid-day trading on Monday, reaching $186.39. The company had a trading volume of 94,588 shares, compared to its average volume of 280,290. Simpson Manufacturing Co., Inc. has a 52-week low of $123.93 and a 52-week high of $218.38. The company has a quick ratio of 2.21, a current ratio of 3.69 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $7.86 billion, a P/E ratio of 24.11 and a beta of 1.32. The stock has a 50 day moving average of $183.96 and a two-hundred day moving average of $178.33.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.13). The business had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. Simpson Manufacturing had a return on equity of 19.42% and a net margin of 15.03%. Simpson Manufacturing’s revenue was down .1% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. On average, analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s dividend payout ratio is presently 14.38%.

Simpson Manufacturing Company 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.