Healthcare of Ontario Pension Plan Trust Fund Has $4.31 Million Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Healthcare of Ontario Pension Plan Trust Fund grew its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the construction company’s stock after buying an additional 1,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Simpson Manufacturing were worth $4,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Xponance Inc. grew its holdings in shares of Simpson Manufacturing by 1.1% during the fourth quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock worth $1,231,000 after purchasing an additional 67 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Simpson Manufacturing by 1.8% during the first quarter. Jennison Associates LLC now owns 5,023 shares of the construction company’s stock worth $1,031,000 after purchasing an additional 90 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Simpson Manufacturing by 4.3% during the first quarter. Private Advisor Group LLC now owns 2,199 shares of the construction company’s stock worth $451,000 after purchasing an additional 91 shares during the last quarter. CWM LLC grew its holdings in shares of Simpson Manufacturing by 50.2% during the first quarter. CWM LLC now owns 323 shares of the construction company’s stock worth $66,000 after purchasing an additional 108 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in Simpson Manufacturing by 1.5% in the fourth quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock valued at $1,517,000 after acquiring an additional 112 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 4.1 %

NYSE:SSD opened at $184.97 on Friday. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The business’s 50-day moving average price is $170.40 and its two-hundred day moving average price is $182.94. The company has a current ratio of 3.69, a quick ratio of 2.19 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $7.80 billion, a price-to-earnings ratio of 23.18 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 22nd. The construction company reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.13). Simpson Manufacturing had a net margin of 15.03% and a return on equity of 19.42%. The company had revenue of $596.98 million during the quarter, compared to analyst estimates of $604.67 million. During the same period in the previous year, the company posted $2.50 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th were given a dividend of $0.28 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.27. Simpson Manufacturing’s dividend payout ratio (DPR) is currently 14.04%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Robert W. Baird raised their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com cut Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $175.13, for a total transaction of $350,260.00. Following the sale, the executive vice president now owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Simpson Manufacturing news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $171.14, for a total value of $128,355.00. Following the completion of the transaction, the executive vice president now directly owns 5,033 shares in the company, valued at $861,347.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total value of $350,260.00. Following the completion of the transaction, the executive vice president now owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Profile

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.