Janus Henderson Group PLC bought a new stake in Simpson Manufacturing Company, Inc. (NYSE:SSD) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,663,548 shares of the construction company’s stock, valued at approximately $72,714,000. Janus Henderson Group PLC owned 3.52% of Simpson Manufacturing as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. BlackRock Inc. lifted its stake in shares of Simpson Manufacturing by 155,956.1% in the 1st quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock valued at $224,596,000 after purchasing an additional 5,208,933 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $18,828,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $17,521,000. Franklin Resources Inc. lifted its stake in shares of Simpson Manufacturing by 11.0% in the 2nd quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock valued at $131,584,000 after purchasing an additional 297,244 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in shares of Simpson Manufacturing in the 2nd quarter valued at approximately $8,576,000. Institutional investors own 83.63% of the company’s stock.
A number of research analysts have recently commented on the company. BidaskClub upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Tuesday, July 25th.
Simpson Manufacturing Company, Inc. (SSD) opened at 49.30 on Thursday. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 24.05 and a beta of 1.40. The company’s 50-day moving average price is $46.68 and its 200-day moving average price is $43.57. Simpson Manufacturing Company, Inc. has a 52-week low of $39.82 and a 52-week high of $50.10.
Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Thursday, July 27th. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $263.00 million during the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a return on equity of 10.26% and a net margin of 10.78%. Simpson Manufacturing’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Equities research analysts expect that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.70%. Simpson Manufacturing’s dividend payout ratio is presently 40.98%.
In other news, insider Psb Fund Simpson sold 72,424 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $49.23, for a total transaction of $3,565,433.52. Following the completion of the sale, the insider now owns 1,266,213 shares in the company, valued at approximately $62,335,665.99. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Sharon H. Simpson sold 70,582 shares of the stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of $49.41, for a total value of $3,487,456.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 310,752 shares of company stock valued at $14,549,010,118. Company insiders own 0.36% of the company’s stock.
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Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.
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