Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 33.9% during the fourth quarter, HoldingsChannel reports. The fund owned 107,723 shares of the construction company’s stock after buying an additional 27,267 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Simpson Manufacturing were worth $17,864,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SSD. Quest Partners LLC purchased a new position in Simpson Manufacturing in the third quarter valued at about $131,000. Citigroup Inc. increased its stake in Simpson Manufacturing by 4.0% in the 3rd quarter. Citigroup Inc. now owns 46,119 shares of the construction company’s stock valued at $8,821,000 after purchasing an additional 1,783 shares in the last quarter. Cerity Partners LLC raised its holdings in Simpson Manufacturing by 61.0% during the third quarter. Cerity Partners LLC now owns 22,750 shares of the construction company’s stock worth $4,351,000 after purchasing an additional 8,616 shares during the last quarter. FMR LLC boosted its position in Simpson Manufacturing by 24.2% during the third quarter. FMR LLC now owns 1,710,358 shares of the construction company’s stock worth $327,140,000 after purchasing an additional 333,390 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Simpson Manufacturing in the third quarter valued at $2,089,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SSD. DA Davidson cut their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Robert W. Baird cut their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th.

Simpson Manufacturing Stock Down 0.1 %

SSD stock opened at $158.93 on Friday. The company has a 50 day moving average price of $164.98 and a two-hundred day moving average price of $175.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The stock has a market capitalization of $6.70 billion, a P/E ratio of 20.91 and a beta of 1.39. Simpson Manufacturing Co., Inc. has a one year low of $152.74 and a one year high of $206.48.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 10th. The construction company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. As a group, sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, April 3rd. Simpson Manufacturing’s dividend payout ratio is currently 14.74%.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value of $169,980.00. Following the transaction, the executive vice president now owns 8,810 shares in the company, valued at approximately $1,497,523.80. This trade represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.42% of the company’s stock.

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.