Whittier Trust Co. Has $16.35 Million Stake in Simpson Manufacturing Company, Inc. $SSD

Whittier Trust Co. boosted its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,529 shares of the construction company’s stock after purchasing an additional 8,877 shares during the period. Whittier Trust Co. owned 0.24% of Simpson Manufacturing worth $16,347,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. ValueAct Holdings L.P. increased its stake in shares of Simpson Manufacturing by 21.9% in the fourth quarter. ValueAct Holdings L.P. now owns 1,472,142 shares of the construction company’s stock valued at $237,707,000 after buying an additional 264,200 shares during the period. Dimensional Fund Advisors LP grew its holdings in Simpson Manufacturing by 3.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 878,270 shares of the construction company’s stock worth $141,826,000 after acquiring an additional 31,744 shares during the last quarter. Geode Capital Management LLC increased its position in Simpson Manufacturing by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 765,322 shares of the construction company’s stock valued at $123,603,000 after acquiring an additional 6,869 shares during the period. Bank of Montreal Can increased its position in Simpson Manufacturing by 11,044.7% in the 4th quarter. Bank of Montreal Can now owns 678,490 shares of the construction company’s stock valued at $109,556,000 after acquiring an additional 672,402 shares during the period. Finally, Capital International Investors raised its stake in shares of Simpson Manufacturing by 93.7% during the fourth quarter. Capital International Investors now owns 663,195 shares of the construction company’s stock valued at $107,086,000 after acquiring an additional 320,870 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SSD has been the topic of several analyst reports. Stephens boosted their price objective on shares of Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings raised Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Wall Street Zen cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Stifel Nicolaus lifted their price objective on Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Finally, DA Davidson upped their target price on Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $214.75.

Simpson Manufacturing Stock Performance

Shares of Simpson Manufacturing stock opened at $200.46 on Monday. The business has a 50-day moving average price of $191.71 and a two-hundred day moving average price of $184.35. Simpson Manufacturing Company, Inc. has a 1-year low of $156.32 and a 1-year high of $213.49. The company has a current ratio of 3.40, a quick ratio of 2.02 and a debt-to-equity ratio of 0.17. The company has a market cap of $8.25 billion, a P/E ratio of 23.50 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.The company had revenue of $587.96 million for the quarter, compared to the consensus estimate of $550.08 million. During the same period in the previous year, the business earned $1.85 EPS. The firm’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts anticipate that Simpson Manufacturing Company, Inc. will post 9.17 EPS for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.6%. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, July 2nd. Simpson Manufacturing’s payout ratio is presently 14.07%.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.