Whittier Trust Co. of Nevada Inc. Raises Holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD)

Whittier Trust Co. of Nevada Inc. lifted its position in Simpson Manufacturing Company, Inc. (NYSE:SSD - Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,648 shares of the construction company's stock after acquiring an additional 1,628 shares during the period. Whittier Trust Co. of Nevada Inc. owned 0.11% of Simpson Manufacturing worth $7,327,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP bought a new position in shares of Simpson Manufacturing in the 4th quarter worth approximately $28,000. Investment Management Corp VA ADV purchased a new stake in shares of Simpson Manufacturing in the 4th quarter worth approximately $28,000. Harbor Capital Advisors Inc. purchased a new stake in shares of Simpson Manufacturing in the 1st quarter worth approximately $45,000. CWM LLC grew its stake in shares of Simpson Manufacturing by 39.1% in the 1st quarter. CWM LLC now owns 331 shares of the construction company's stock worth $52,000 after buying an additional 93 shares during the last quarter. Finally, Blue Trust Inc. grew its stake 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. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Stock Down 0.6%

Shares of Simpson Manufacturing stock traded down $0.95 during midday trading on Friday, hitting $158.81. The company had a trading volume of 81,456 shares, compared to its average volume of 251,450. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.54 and a current ratio of 3.17. The stock has a market capitalization of $6.64 billion, a P/E ratio of 20.66 and a beta of 1.28. The company has a 50 day moving average of $159.02 and a 200 day moving average of $159.66. 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 quarterly 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 company had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 17.80% and a net margin of 14.49%. The firm's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.77 EPS. On average, equities analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 3rd will be paid a $0.29 dividend. The ex-dividend date is Thursday, July 3rd. This represents a $1.16 annualized dividend and a dividend yield of 0.73%. This is an increase from Simpson Manufacturing's previous quarterly dividend of $0.28. Simpson Manufacturing's dividend 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.