The Manufacturers Life Insurance Company Raises Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

The Manufacturers Life Insurance Company increased its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 336.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 224,517 shares of the construction company’s stock after purchasing an additional 173,097 shares during the period. The Manufacturers Life Insurance Company’s holdings in Simpson Manufacturing were worth $37,838,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in SSD. EntryPoint Capital LLC bought a new stake in shares of Simpson Manufacturing in the first quarter valued at approximately $29,000. Rise Advisors LLC bought a new position in Simpson Manufacturing in the 1st quarter worth approximately $37,000. Benjamin F. Edwards & Company Inc. grew its stake in Simpson Manufacturing by 550.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 221 shares of the construction company’s stock valued at $45,000 after buying an additional 187 shares in the last quarter. CWM LLC raised its holdings in Simpson Manufacturing by 50.2% during the 1st quarter. CWM LLC now owns 323 shares of the construction company’s stock valued at $66,000 after acquiring an additional 108 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Simpson Manufacturing during the second quarter worth $77,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity

In related news, CEO Michael Olosky sold 6,871 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $187.41, for a total value of $1,287,694.11. Following the transaction, the chief executive officer now owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Simpson Manufacturing news, CEO Michael Olosky sold 6,871 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $187.41, for a total transaction of $1,287,694.11. Following the transaction, the chief executive officer now directly owns 19,534 shares of the company’s stock, valued at $3,660,866.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James S. Andrasick sold 500 shares of Simpson Manufacturing stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $178.75, for a total transaction of $89,375.00. Following the completion of the transaction, the director now owns 866 shares in the company, valued at approximately $154,797.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,571 shares of company stock worth $2,348,027. 0.42% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $191.18 on Monday. The stock has a fifty day moving average of $181.09 and a 200-day moving average of $179.10. The stock has a market cap of $8.06 billion, a PE ratio of 23.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.21 and a current ratio of 3.69. Simpson Manufacturing Co., Inc. has a fifty-two week low of $123.93 and a fifty-two week high of $218.38.

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

Simpson Manufacturing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, October 3rd. Simpson Manufacturing’s payout ratio is 14.04%.

About Simpson Manufacturing

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.