M&T Bank Corp Sells 11,101 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

M&T Bank Corp trimmed its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 40.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,394 shares of the construction company's stock after selling 11,101 shares during the quarter. M&T Bank Corp's holdings in Simpson Manufacturing were worth $2,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Simpson Manufacturing in the 4th quarter worth about $28,000. Investment Management Corp VA ADV purchased a new position in shares of Simpson Manufacturing in the 4th quarter worth about $28,000. Harbor Capital Advisors Inc. purchased a new position in shares of Simpson Manufacturing in the 1st quarter worth about $45,000. Blue Trust Inc. boosted its holdings in shares of Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company's stock worth $55,000 after buying an additional 321 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Simpson Manufacturing by 1,542.3% in the 4th quarter. Jones Financial Companies Lllp now owns 427 shares of the construction company's stock worth $71,000 after buying an additional 401 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Performance

Shares of SSD traded down $5.61 during trading hours on Tuesday, hitting $159.13. The company's stock had a trading volume of 254,773 shares, compared to its average volume of 252,515. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 20.72 and a beta of 1.28. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. The business has a 50 day simple moving average of $158.56 and a two-hundred day simple moving average of $159.73. Simpson Manufacturing Company, Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

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

Simpson Manufacturing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 3rd will be given a $0.29 dividend. This is a positive change from Simpson Manufacturing's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing's dividend payout ratio (DPR) is 15.10%.

Simpson Manufacturing Company 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.