Strs Ohio continued to hold its position in shares of Simpson Manufacturing Co. (NYSE:SSD) during the second quarter, Holdings Channel reports. The institutional investor owned 27,800 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Simpson Manufacturing were worth $1,111,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted 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 worth $38,674,000 after buying an additional 13,843 shares in the last quarter. State Street Corp boosted its position in shares of Simpson Manufacturing by 1.1% in the first quarter. State Street Corp now owns 811,047 shares of the company’s stock worth $30,960,000 after buying an additional 8,742 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Simpson Manufacturing by 64.2% in the first quarter. Renaissance Technologies LLC now owns 386,600 shares of the company’s stock worth $14,757,000 after buying an additional 151,200 shares in the last quarter. EP Wealth Advisors Inc. purchased a new position in shares of Simpson Manufacturing during the first quarter worth about $13,645,000. Finally, Simonbaker & Partners LLC purchased a new position in shares of Simpson Manufacturing during the first quarter worth about $12,554,000. Institutional investors own 81.48% of the company’s stock.
Shares of Simpson Manufacturing Co. (NYSE:SSD) traded up 0.23% during trading on Friday, reaching $44.15. The company’s stock had a trading volume of 79,751 shares. Simpson Manufacturing Co. has a one year low of $30.25 and a one year high of $45.50. The firm has a market cap of $2.14 billion, a P/E ratio of 27.25 and a beta of 1.47. The stock’s 50 day moving average is $44.40 and its 200 day moving average is $40.72.
Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.05. Simpson Manufacturing had a return on equity of 9.17% and a net margin of 9.50%. The firm earned $230 million during the quarter, compared to the consensus estimate of $227.12 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. On average, equities analysts forecast that Simpson Manufacturing Co. will post $1.74 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Saturday, October 8th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.63%. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 44.44%.
A number of equities analysts recently issued reports on SSD shares. Sidoti started coverage on Simpson Manufacturing in a report on Friday, September 9th. They issued a “neutral” rating on the stock. Zacks Investment Research cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
In other news, COO Ricardo M. Arevalo sold 3,437 shares of the business’s 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 legal filing with the SEC, which is available through the SEC website. Insiders own 0.50% of the company’s stock.
Simpson Manufacturing Company Profile
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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