Huntington National Bank Has $64,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Huntington National Bank increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 73.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 336 shares of the construction company’s stock after acquiring an additional 142 shares during the period. Huntington National Bank’s holdings in Simpson Manufacturing were worth $64,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. increased its stake in shares of Simpson Manufacturing by 76.3% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 3,343 shares of the construction company’s stock valued at $686,000 after purchasing an additional 1,447 shares during the last quarter. Hancock Whitney Corp bought a new position in Simpson Manufacturing in the first quarter valued at about $1,712,000. Vanguard Group Inc. raised its stake in Simpson Manufacturing by 6.6% during the first quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after acquiring an additional 278,283 shares in the last quarter. BOKF NA boosted its stake in shares of Simpson Manufacturing by 77.1% in the 1st quarter. BOKF NA now owns 1,725 shares of the construction company’s stock valued at $347,000 after purchasing an additional 751 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Simpson Manufacturing by 8,883.3% in the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock valued at $1,134,000 after purchasing an additional 5,863 shares in the last quarter. 93.68% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their price objective on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Simpson Manufacturing Trading Down 0.8 %

Shares of SSD stock opened at $178.94 on Tuesday. Simpson Manufacturing Co., Inc. has a twelve month low of $153.60 and a twelve month high of $218.38. The stock’s fifty day simple moving average is $185.92 and its 200 day simple moving average is $178.34. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.54 billion, a P/E ratio of 23.64 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million for the quarter, compared to the consensus estimate of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.43 earnings per share. As a group, sell-side analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s payout ratio is currently 14.80%.

Insider Transactions at Simpson Manufacturing

In other news, CEO Michael Olosky sold 6,871 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the completion of the transaction, the chief executive officer now directly owns 19,534 shares in the company, valued at $3,660,866.94. This trade represents a 26.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James S. Andrasick sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the director now owns 866 shares in the company, valued at $154,797.50. The trade was a 36.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,871 shares of company stock worth $1,658,259. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing 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.