Comerica Bank Raises Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Comerica Bank boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,824 shares of the construction company’s stock after buying an additional 166 shares during the period. Comerica Bank owned 0.30% of Simpson Manufacturing worth $26,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Axiom Investors LLC DE raised its stake in shares of Simpson Manufacturing by 129.0% during the 4th quarter. Axiom Investors LLC DE now owns 106,815 shares of the construction company’s stock worth $21,147,000 after acquiring an additional 60,178 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of Simpson Manufacturing by 250.5% during the 4th quarter. Epoch Investment Partners Inc. now owns 325,452 shares of the construction company’s stock valued at $64,433,000 after purchasing an additional 232,600 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Simpson Manufacturing by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 4,487,095 shares of the construction company’s stock worth $920,662,000 after purchasing an additional 278,283 shares in the last quarter. M&T Bank Corp grew its stake in Simpson Manufacturing by 66.2% during the 4th quarter. M&T Bank Corp now owns 26,513 shares of the construction company’s stock worth $5,250,000 after buying an additional 10,564 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Simpson Manufacturing by 13.0% during the 1st quarter. BNP Paribas Financial Markets now owns 46,431 shares of the construction company’s stock valued at $9,527,000 after buying an additional 5,339 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SSD shares. Robert W. Baird boosted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.

Insider Activity

In related news, EVP Jennifer Lutz sold 750 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the sale, the executive vice president now directly owns 5,033 shares of the company’s stock, valued at $861,347.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Roger Dankel sold 2,000 shares of the stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $175.13, for a total transaction of $350,260.00. Following the sale, the executive vice president now directly owns 26,764 shares of the company’s stock, valued at $4,687,179.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jennifer Lutz sold 750 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $171.14, for a total transaction of $128,355.00. Following the completion of the transaction, the executive vice president now owns 5,033 shares of the company’s stock, valued at approximately $861,347.62. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock traded down $8.32 during mid-day trading on Thursday, reaching $183.77. The stock had a trading volume of 83,927 shares, compared to its average volume of 311,900. The company has a current ratio of 3.69, a quick ratio of 2.21 and a debt-to-equity ratio of 0.25. Simpson Manufacturing Co., Inc. has a 1-year low of $123.93 and a 1-year high of $218.38. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 24.05 and a beta of 1.32. The business’s fifty day moving average is $172.04 and its 200-day moving average is $183.15.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, July 22nd. The construction company reported $2.31 EPS 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 business had revenue of $596.98 million for the quarter, compared to analyst estimates of $604.67 million. During the same quarter in the previous year, the firm posted $2.50 earnings per share. The business’s revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.1 earnings per share for the current year.

Simpson Manufacturing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.61%. Simpson Manufacturing’s payout ratio is currently 14.04%.

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.