State of Tennessee Treasury Department held its stake in shares of Simpson Manufacturing Co. (NYSE:SSD) during the third quarter, Holdings Channel reports. The firm owned 33,284 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department’s holdings in Simpson Manufacturing were worth $1,463,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Cornerstone Capital Inc. increased its stake in shares of Simpson Manufacturing by 0.5% in the third quarter. Cornerstone Capital Inc. now owns 372,795 shares of the company’s stock worth $16,384,000 after buying an additional 1,880 shares during the last quarter. Hermes Investment Management Ltd. increased its stake in shares of Simpson Manufacturing by 9.6% in the third quarter. Hermes Investment Management Ltd. now owns 457,566 shares of the company’s stock worth $20,110,000 after buying an additional 40,155 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Simpson Manufacturing by 34.3% in the third quarter. Rhumbline Advisers now owns 72,529 shares of the company’s stock worth $3,188,000 after buying an additional 18,517 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Simpson Manufacturing by 24.8% in the third quarter. UBS Asset Management Americas Inc. now owns 64,585 shares of the company’s stock worth $2,839,000 after buying an additional 12,838 shares during the last quarter. Finally, Nuance Investments LLC increased its stake in shares of Simpson Manufacturing by 20.1% in the second quarter. Nuance Investments LLC now owns 39,353 shares of the company’s stock worth $1,573,000 after buying an additional 6,591 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company’s stock.
Shares of Simpson Manufacturing Co. (NYSE:SSD) traded down 1.99% during midday trading on Thursday, reaching $42.88. 185,162 shares of the company were exchanged. The company’s 50-day moving average price is $45.34 and its 200 day moving average price is $43.77. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 23.97 and a beta of 1.36. Simpson Manufacturing Co. has a 52-week low of $30.35 and a 52-week high of $48.41.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Thursday, October 27th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.08. Simpson Manufacturing had a net margin of 10.30% and a return on equity of 10.07%. The company had revenue of $230.97 million for the quarter, compared to analysts’ expectations of $232.73 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Simpson Manufacturing’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts predict that Simpson Manufacturing Co. will post $1.87 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 26th. Investors of record on Thursday, January 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, January 3rd. This represents a $0.72 annualized dividend and a dividend yield of 1.68%. Simpson Manufacturing’s dividend payout ratio is 40.00%.
Separately, Zacks Investment Research downgraded shares of Simpson Manufacturing from a “hold” rating to a “sell” rating in a research report on Thursday, January 12th.
In related news, VP Jeffrey Eric Mackenzie sold 1,669 shares of the business’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $45.28, for a total value of $75,572.32. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Sharon H. Simpson sold 9,889 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $45.83, for a total transaction of $453,212.87. The disclosure for this sale can be found here. In the last three months, insiders sold 276,469 shares of company stock worth $12,983,820. 0.50% of the stock is currently owned by 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 and lateral systems used in light-frame construction. It also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.
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