The Manufacturers Life Insurance Company Trims Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

The Manufacturers Life Insurance Company cut its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 222,969 shares of the construction company’s stock after selling 1,548 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.53% of Simpson Manufacturing worth $42,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SSD. B. Riley Wealth Advisors Inc. boosted its stake in shares of Simpson Manufacturing by 76.3% during the first 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 in the last quarter. Jane Street Group LLC boosted its stake in shares of Simpson Manufacturing by 4.5% during the first quarter. Jane Street Group LLC now owns 63,532 shares of the construction company’s stock valued at $13,035,000 after purchasing an additional 2,744 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of Simpson Manufacturing by 3.0% during the first quarter. Tidal Investments LLC now owns 3,748 shares of the construction company’s stock valued at $769,000 after purchasing an additional 109 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Simpson Manufacturing by 12.7% during the first quarter. Virtu Financial LLC now owns 4,024 shares of the construction company’s stock valued at $826,000 after purchasing an additional 452 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in shares of Simpson Manufacturing by 50.8% during the first quarter. HM Payson & Co. now owns 1,347 shares of the construction company’s stock valued at $276,000 after purchasing an additional 454 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 Price Performance

Shares of SSD opened at $186.77 on Friday. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 24.67 and a beta of 1.32. Simpson Manufacturing Co., Inc. has a twelve month low of $157.42 and a twelve month high of $218.38. 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 company has a 50 day moving average of $186.72 and a two-hundred day moving average of $178.64.

Simpson Manufacturing (NYSE:SSD) last announced its 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 during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. Simpson Manufacturing’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business earned $2.43 earnings per share. As a group, analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, January 2nd will be paid a $0.28 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.12 annualized dividend and a yield of 0.60%. Simpson Manufacturing’s dividend payout ratio (DPR) is 14.80%.

About Simpson Manufacturing

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.