Pinebridge Investments L.P. Has $233,000 Position in Simpson Manufacturing Company, Inc. (SSD)
Pinebridge Investments L.P. boosted its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,337 shares of the construction company’s stock after purchasing an additional 53 shares during the period. Pinebridge Investments L.P.’s holdings in Simpson Manufacturing were worth $233,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Verity Asset Management Inc. bought a new position in Simpson Manufacturing during the 2nd quarter valued at about $205,000. Thrivent Financial For Lutherans grew its holdings in Simpson Manufacturing by 6.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 24,420 shares of the construction company’s stock valued at $1,067,000 after purchasing an additional 1,480 shares during the last quarter. Profund Advisors LLC grew its holdings in Simpson Manufacturing by 9.7% during the 2nd quarter. Profund Advisors LLC now owns 7,804 shares of the construction company’s stock valued at $341,000 after purchasing an additional 693 shares during the last quarter. Laurion Capital Management LP bought a new position in Simpson Manufacturing during the 2nd quarter valued at about $896,000. Finally, Amalgamated Bank grew its holdings in Simpson Manufacturing by 2.0% during the 2nd quarter. Amalgamated Bank now owns 5,591 shares of the construction company’s stock valued at $244,000 after purchasing an additional 112 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.
Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 49.50 on Thursday. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $50.10. The firm has a 50-day moving average of $45.68 and a 200-day moving average of $43.31. The company has a market capitalization of $2.34 billion, a P/E ratio of 24.15 and a beta of 1.40.
Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $263.00 million for the quarter, compared to the consensus estimate of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. Analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio (DPR) is 40.98%.
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Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd.
In other news, major shareholder Sharon H. Simpson sold 72,424 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $200,724.00, for a total value of $14,537,234,976.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.36% 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, 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.
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