Legal & General Group Plc grew its holdings in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 7.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,392 shares of the construction company’s stock after purchasing an additional 5,721 shares during the period. Legal & General Group Plc owned about 0.18% of Simpson Manufacturing worth $4,187,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. BlackRock Inc. grew its position in shares of Simpson Manufacturing by 0.8% during the 2nd quarter. BlackRock Inc. now owns 5,256,026 shares of the construction company’s stock worth $229,740,000 after purchasing an additional 43,753 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Simpson Manufacturing by 11.0% during the 2nd quarter. Franklin Resources Inc. now owns 3,010,385 shares of the construction company’s stock worth $131,584,000 after purchasing an additional 297,244 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Simpson Manufacturing by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,750,714 shares of the construction company’s stock worth $76,524,000 after purchasing an additional 7,080 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Simpson Manufacturing during the 2nd quarter worth approximately $72,714,000. Finally, Wells Fargo & Company MN grew its position in shares of Simpson Manufacturing by 10.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,623,796 shares of the construction company’s stock worth $70,977,000 after purchasing an additional 153,164 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.
In other news, major shareholder Sharon H. Simpson sold 70,582 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $49.41, for a total transaction of $3,487,456.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Psb Fund Simpson sold 72,424 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 1,266,213 shares of the company’s stock, valued at approximately $62,335,665.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 988,721 shares of company stock valued at $14,582,940,671. 0.36% of the stock is currently owned by insiders.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Thursday, January 4th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Wednesday, January 3rd. Simpson Manufacturing’s dividend payout ratio (DPR) is presently 41.58%.
A number of research analysts have issued reports on SSD shares. DA Davidson upgraded shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 31st. Robert W. Baird reaffirmed a “hold” rating and set a $46.00 price target on shares of Simpson Manufacturing in a report on Friday, October 20th.
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Simpson Manufacturing 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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