Whittier Trust Co. of Nevada Inc. Boosts Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Whittier Trust Co. of Nevada Inc. grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,020 shares of the construction company’s stock after acquiring an additional 2,065 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Simpson Manufacturing were worth $7,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of SSD. Riverbridge Partners LLC purchased a new position in Simpson Manufacturing during the 4th quarter worth $58,414,000. FMR LLC raised its stake in shares of Simpson Manufacturing by 24.2% during the 3rd quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after purchasing an additional 333,390 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Simpson Manufacturing during the 4th quarter worth $54,644,000. EP Wealth Advisors LLC raised its stake in shares of Simpson Manufacturing by 1,020.1% during the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock worth $26,745,000 after purchasing an additional 127,345 shares during the period. Finally, Wealthfront Advisers LLC bought a new stake in shares of Simpson Manufacturing during the 4th quarter worth $15,603,000. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the sale, the executive vice president now directly owns 8,810 shares in the company, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SSD has been the topic of a number of recent analyst reports. DA Davidson lowered their target price on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird lowered their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 11th.

Simpson Manufacturing Trading Down 1.7 %

Shares of Simpson Manufacturing stock opened at $156.82 on Friday. Simpson Manufacturing Co., Inc. has a 52-week low of $153.87 and a 52-week high of $208.12. The stock’s 50-day simple moving average is $165.43 and its 200 day simple moving average is $175.82. The stock has a market capitalization of $6.61 billion, a P/E ratio of 20.63 and a beta of 1.39. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Simpson Manufacturing Company 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.