Whittier Trust Co. of Nevada Inc. Has $7.47 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Whittier Trust Co. of Nevada Inc. raised its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,020 shares of the construction company’s stock after purchasing an additional 2,065 shares during the quarter. Whittier Trust Co. of Nevada Inc. owned approximately 0.11% of Simpson Manufacturing worth $7,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSD. Park Place Capital Corp acquired a new stake in Simpson Manufacturing during the 4th quarter valued at approximately $29,000. World Investment Advisors LLC acquired a new stake in Simpson Manufacturing during the 3rd quarter valued at approximately $30,000. R Squared Ltd bought a new position in shares of Simpson Manufacturing during the 4th quarter worth approximately $30,000. UMB Bank n.a. boosted its holdings in shares of Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after buying an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of SSD opened at $156.82 on Friday. Simpson Manufacturing Co., Inc. has a 12-month low of $153.87 and a 12-month high of $208.12. The business’s fifty day moving average is $165.43 and its 200 day moving average is $175.82. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.61 billion, a P/E ratio of 20.63 and a beta of 1.39.

Simpson Manufacturing (NYSE:SSD) last issued its earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 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, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.42% of the stock is owned by company insiders.

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.