Simpson Manufacturing Company, Inc. (SSD) Stake Maintained by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio continued to hold its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,790 shares of the construction company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Simpson Manufacturing were worth $163,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Simpson Manufacturing by 155,956.1% in the first quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock worth $224,596,000 after buying an additional 5,208,933 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Simpson Manufacturing by 3.6% in the first quarter. Vanguard Group Inc. now owns 3,561,119 shares of the construction company’s stock worth $153,448,000 after buying an additional 123,129 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Simpson Manufacturing by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,743,634 shares of the construction company’s stock worth $75,133,000 after buying an additional 64,148 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Simpson Manufacturing by 46.1% in the first quarter. Wells Fargo & Company MN now owns 1,470,632 shares of the construction company’s stock worth $63,369,000 after buying an additional 464,356 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Simpson Manufacturing by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 1,057,804 shares of the construction company’s stock worth $45,580,000 after buying an additional 177,602 shares during the last quarter. Institutional investors own 84.17% of the company’s stock.

Simpson Manufacturing Company, Inc. (NYSE:SSD) traded down 0.50% during midday trading on Friday, hitting $43.65. The stock had a trading volume of 80,920 shares. The company has a market cap of $2.06 billion, a P/E ratio of 21.29 and a beta of 1.41. The firm’s 50-day moving average price is $43.79 and its 200 day moving average price is $42.73. Simpson Manufacturing Company, Inc. has a 12 month low of $39.82 and a 12 month high of $48.41.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. The firm had revenue of $263 million during the quarter, compared to analyst estimates of $259.05 million. During the same quarter in the prior year, the company earned $0.54 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. On average, analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio is currently 40.98%.

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A number of equities research analysts have weighed in on SSD shares. Zacks Investment Research downgraded Simpson Manufacturing from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. BidaskClub upgraded Simpson Manufacturing from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th.

In related news, major shareholder Sharon H. Simpson sold 67,163 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $43.62, for a total transaction of $2,929,650.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 106,776 shares of the firm’s stock in a transaction that occurred on Wednesday, June 21st. The shares were sold at an average price of $43.90, for a total value of $4,687,466.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 350,999 shares of company stock valued at $15,341,008. 0.36% of the stock is owned by corporate insiders.

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, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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