MetLife Investment Advisors LLC grew its holdings in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,988 shares of the construction company’s stock after buying an additional 1,310 shares during the period. MetLife Investment Advisors LLC’s holdings in Simpson Manufacturing were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of SSD. BlackRock Inc. lifted its holdings in shares of Simpson Manufacturing by 6.4% in the 2nd quarter. BlackRock Inc. now owns 5,996,211 shares of the construction company’s stock valued at $372,905,000 after purchasing an additional 358,754 shares during the last quarter. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Simpson Manufacturing in the 2nd quarter valued at about $13,753,000. Victory Capital Management Inc. lifted its holdings in shares of Simpson Manufacturing by 54.1% in the 2nd quarter. Victory Capital Management Inc. now owns 546,939 shares of the construction company’s stock valued at $34,014,000 after purchasing an additional 192,024 shares during the last quarter. FMR LLC lifted its holdings in shares of Simpson Manufacturing by 28.3% in the 2nd quarter. FMR LLC now owns 821,000 shares of the construction company’s stock valued at $51,058,000 after purchasing an additional 180,900 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Simpson Manufacturing by 16,211.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 129,510 shares of the construction company’s stock valued at $8,053,000 after purchasing an additional 128,716 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing stock opened at $72.97 on Thursday. Simpson Manufacturing Co, Inc. has a fifty-two week low of $48.32 and a fifty-two week high of $78.36. The stock has a market capitalization of $3.40 billion, a PE ratio of 36.85, a PEG ratio of 4.80 and a beta of 1.58.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 30th. The construction company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.21. The business had revenue of $308.01 million during the quarter, compared to the consensus estimate of $282.02 million. Simpson Manufacturing had a return on equity of 12.61% and a net margin of 10.58%. The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 EPS. analysts anticipate that Simpson Manufacturing Co, Inc. will post 3.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Shareholders of record on Thursday, October 4th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, October 3rd. Simpson Manufacturing’s dividend payout ratio is presently 44.44%.

Several analysts have recently weighed in on SSD shares. Sidoti raised Simpson Manufacturing from a “neutral” rating to a “buy” rating in a report on Tuesday, July 31st. ValuEngine raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research raised Simpson Manufacturing from a “sell” rating to a “hold” rating and set a $82.00 target price for the company in a report on Thursday, August 2nd. Finally, Robert W. Baird set a $75.00 target price on Simpson Manufacturing and gave the company a “buy” rating in a report on Monday, July 30th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Simpson Manufacturing currently has a consensus rating of “Buy” and a consensus price target of $74.75.

In other Simpson Manufacturing news, Director James S. Andrasick sold 1,950 shares of the company’s stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $73.43, for a total transaction of $143,188.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.39% of the stock is owned by corporate insiders.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications.

See Also: Earnings Per Share

Want to see what other hedge funds are holding SSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Simpson Manufacturing Co, Inc. (NYSE:SSD).

Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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