California Public Employees Retirement System increased its stake in Simpson Manufacturing Co. (NYSE:SSD) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,800 shares of the company’s stock after buying an additional 2,100 shares during the period. California Public Employees Retirement System owned approximately 0.17% of Simpson Manufacturing worth $3,270,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. BlackRock Group LTD increased its position in shares of Simpson Manufacturing by 7.0% in the first quarter. BlackRock Group LTD now owns 56,616 shares of the company’s stock valued at $2,161,000 after buying an additional 3,684 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Simpson Manufacturing by 6.8% in the first quarter. Prudential Financial Inc. now owns 101,896 shares of the company’s stock valued at $3,889,000 after buying an additional 6,450 shares during the last quarter. EP Wealth Advisors Inc. acquired a new position in shares of Simpson Manufacturing during the first quarter valued at $13,645,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Simpson Manufacturing by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,013,197 shares of the company’s stock valued at $38,674,000 after buying an additional 13,843 shares during the last quarter. Finally, Mariner Wealth Advisors LLC acquired a new position in shares of Simpson Manufacturing during the first quarter valued at $203,000. Institutional investors and hedge funds own 81.48% of the company’s stock.
Simpson Manufacturing Co. (NYSE:SSD) traded down 0.35% on Friday, reaching $45.11. The company had a trading volume of 132,529 shares. The company has a market capitalization of $2.18 billion, a PE ratio of 27.85 and a beta of 1.49. Simpson Manufacturing Co. has a 52-week low of $30.25 and a 52-week high of $45.50. The company’s 50-day moving average is $43.55 and its 200-day moving average is $39.92.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The company had revenue of $230 million for the quarter, compared to analyst estimates of $227.12 million. Simpson Manufacturing had a return on equity of 9.17% and a net margin of 9.50%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. Equities analysts anticipate that Simpson Manufacturing Co. will post $1.74 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 27th. Shareholders of record on Saturday, October 8th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.60%. The ex-dividend date is Wednesday, October 5th. Simpson Manufacturing’s dividend payout ratio (DPR) is 44.44%.
Several research analysts have recently weighed in on SSD shares. Zacks Investment Research downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Sidoti started coverage on Simpson Manufacturing in a research note on Friday, September 9th. They set a “neutral” rating for the company.
In other Simpson Manufacturing news, COO Ricardo M. Arevalo sold 3,437 shares of Simpson Manufacturing stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $44.40, for a total transaction of $152,602.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.
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 and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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