Bank of New York Mellon Corp Lowers Stock Holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Bank of New York Mellon Corp cut its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,499 shares of the construction company's stock after selling 4,778 shares during the period. Bank of New York Mellon Corp owned approximately 0.82% of Simpson Manufacturing worth $53,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Simpson Manufacturing by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 97,163 shares of the construction company's stock worth $15,262,000 after purchasing an additional 380 shares in the last quarter. GAMMA Investing LLC grew its stake in Simpson Manufacturing by 163.7% in the first quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company's stock valued at $184,000 after acquiring an additional 727 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Simpson Manufacturing by 708.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 13,590 shares of the construction company's stock worth $2,135,000 after purchasing an additional 11,908 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Simpson Manufacturing by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company's stock worth $776,000 after purchasing an additional 135 shares in the last quarter. Finally, Blue Trust Inc. grew its position in Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock valued at $55,000 after purchasing an additional 321 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Down 0.7%

Shares of Simpson Manufacturing stock traded down $1.10 during trading hours on Wednesday, reaching $158.05. The company's stock had a trading volume of 210,774 shares, compared to its average volume of 252,458. The company has a market capitalization of $6.61 billion, a P/E ratio of 20.58 and a beta of 1.28. The stock's fifty day simple moving average is $158.87 and its two-hundred day simple moving average is $159.71. Simpson Manufacturing Company, Inc. has a one year low of $137.35 and a one year high of $197.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The business had revenue of $538.90 million for the quarter, compared to analysts' expectations of $531.81 million. During the same period last year, the business earned $1.77 EPS. The business's revenue was up 1.6% on a year-over-year basis. On average, research analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current year.

Simpson Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Simpson Manufacturing's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, July 3rd. Simpson Manufacturing's payout ratio is presently 15.10%.

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.