Simpson Manufacturing Company, Inc. (NYSE:SSD) Stake Increased by OppenheimerFunds Inc.

OppenheimerFunds Inc. increased its stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 33.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,746 shares of the construction company’s stock after buying an additional 3,937 shares during the period. OppenheimerFunds Inc.’s holdings in Simpson Manufacturing were worth $679,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of Simpson Manufacturing by 1.4% in the first quarter. Arizona State Retirement System now owns 21,064 shares of the construction company’s stock valued at $908,000 after buying an additional 300 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Simpson Manufacturing by 49.8% in the first quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock valued at $220,000 after buying an additional 1,693 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in Simpson Manufacturing by 150.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 91,826 shares of the construction company’s stock valued at $3,957,000 after buying an additional 55,186 shares during the last quarter. KBC Group NV raised its stake in Simpson Manufacturing by 145.2% in the first quarter. KBC Group NV now owns 57,162 shares of the construction company’s stock valued at $2,463,000 after buying an additional 33,854 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Simpson Manufacturing by 111.4% in the first quarter. JPMorgan Chase & Co. now owns 336,836 shares of the construction company’s stock valued at $14,514,000 after buying an additional 177,527 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors.

Simpson Manufacturing Company, Inc. (NYSE SSD) traded up 1.41% during midday trading on Friday, hitting $44.50. 217,063 shares of the stock traded hands. Simpson Manufacturing Company, Inc. has a one year low of $39.45 and a one year high of $48.41. The company has a market cap of $2.12 billion, a P/E ratio of 22.24 and a beta of 1.40. The company’s 50 day moving average is $43.03 and its 200-day moving average is $42.71.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Thursday, April 27th. The construction company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.05. Simpson Manufacturing had a return on equity of 10.08% and a net margin of 10.95%. The firm had revenue of $219.87 million for the quarter, compared to analyst estimates of $210.66 million. During the same quarter last year, the firm earned $0.34 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that Simpson Manufacturing Company, Inc. will post $2.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.89%. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Monday, July 3rd. Simpson Manufacturing’s payout ratio is 42.00%.

COPYRIGHT VIOLATION NOTICE: This report was published by BBNS and is the sole property of of BBNS. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://baseballnewssource.com/markets/oppenheimerfunds-inc-has-679000-position-in-simpson-manufacturing-company-inc-nysessd-updated/1179720.html.

Several equities research analysts have recently issued reports on SSD shares. Zacks Investment Research raised shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub raised shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.

In other Simpson Manufacturing news, major shareholder Sharon H. Simpson sold 106,776 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $43.90, for a total transaction of $4,687,466.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Psb Fund Simpson sold 33,581 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $43.62, for a total transaction of $1,464,803.22. Following the transaction, the insider now owns 1,399,180 shares in the company, valued at $61,032,231.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 350,999 shares of company stock worth $15,341,008. Company insiders own 0.36% of the company’s stock.

Simpson Manufacturing Company Profile

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)

Receive News & Ratings for Simpson Manufacturing Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Simpson Manufacturing Company Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Chris Sale Reaches 200 Strikeouts in Record Time
Chris Sale Reaches 200 Strikeouts in Record Time
Veteran Pitcher Bartolo Colon Considering Retirement
Veteran Pitcher Bartolo Colon Considering Retirement
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana


Leave a Reply

 
© 2006-2017 BBNS.