Marshall Wace North America L.P. bought a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 142,849 shares of the construction company’s stock, valued at approximately $6,285,000. Marshall Wace North America L.P. owned 0.30% of Simpson Manufacturing at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Cornerstone Capital Inc. increased its position in Simpson Manufacturing by 0.9% in the second quarter. Cornerstone Capital Inc. now owns 386,780 shares of the construction company’s stock valued at $16,906,000 after buying an additional 3,315 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in Simpson Manufacturing during the second quarter valued at $18,828,000. BNP Paribas Arbitrage SA increased its position in Simpson Manufacturing by 49.7% in the second quarter. BNP Paribas Arbitrage SA now owns 13,665 shares of the construction company’s stock valued at $597,000 after buying an additional 4,537 shares in the last quarter. Comerica Bank increased its position in Simpson Manufacturing by 81.8% in the second quarter. Comerica Bank now owns 82,300 shares of the construction company’s stock valued at $3,604,000 after buying an additional 37,030 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Simpson Manufacturing by 10.4% in the second quarter. Legal & General Group Plc now owns 79,671 shares of the construction company’s stock valued at $3,482,000 after buying an additional 7,514 shares in the last quarter. Institutional investors and hedge funds own 83.76% of the company’s stock.

Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 43.07 on Tuesday. The stock has a 50 day moving average of $43.57 and a 200 day moving average of $42.67. Simpson Manufacturing Company, Inc. has a 1-year low of $39.82 and a 1-year high of $48.41. The stock has a market capitalization of $2.04 billion, a P/E ratio of 21.01 and a beta of 1.41.

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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 5th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, October 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.95%. Simpson Manufacturing’s dividend payout ratio is currently 40.98%.

COPYRIGHT VIOLATION WARNING: This news story was first published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://www.watchlistnews.com/marshall-wace-north-america-l-p-takes-position-in-simpson-manufacturing-company-inc-ssd/1529171.html.

Several equities analysts have recently weighed in on SSD shares. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub raised shares of Simpson Manufacturing from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.

In related news, insider Psb Fund Simpson sold 33,581 shares of Simpson Manufacturing stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $43.62, for a total value of $1,464,803.22. Following the transaction, the insider now owns 1,399,180 shares of the company’s stock, valued at approximately $61,032,231.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Sharon H. Simpson sold 106,776 shares of Simpson Manufacturing stock in a transaction dated Wednesday, June 21st. The stock was 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. Insiders sold a total of 350,999 shares of company stock worth $15,341,008 in the last three months. 0.36% of the stock is currently owned by company 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)

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 Analyst Ratings Network's FREE daily email newsletter.