Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 0.3% during the third quarter, HoldingsChannel.com reports. The fund owned 27,798 shares of the construction company’s stock after selling 77 shares during the period. M&T Bank Corp’s holdings in Simpson Manufacturing were worth $5,317,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Simpson Manufacturing by 42.0% during the 3rd quarter. Barclays PLC now owns 24,179 shares of the construction company’s stock worth $4,624,000 after purchasing an additional 7,155 shares during the last quarter. MML Investors Services LLC purchased a new position in shares of Simpson Manufacturing in the third quarter worth about $290,000. Orion Portfolio Solutions LLC boosted its position in Simpson Manufacturing by 33.0% during the third quarter. Orion Portfolio Solutions LLC now owns 7,440 shares of the construction company’s stock worth $1,423,000 after acquiring an additional 1,844 shares during the last quarter. DF Dent & Co. Inc. grew its stake in Simpson Manufacturing by 27.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 105,686 shares of the construction company’s stock valued at $20,215,000 after acquiring an additional 22,529 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in Simpson Manufacturing by 1,020.1% in the 3rd quarter. EP Wealth Advisors LLC now owns 139,828 shares of the construction company’s stock valued at $26,745,000 after acquiring an additional 127,345 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Robert W. Baird boosted their target price on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

Insider Buying and Selling

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Stock Down 2.3 %

Shares of SSD opened at $185.69 on Friday. Simpson Manufacturing Co., Inc. has a 52-week low of $157.42 and a 52-week high of $218.38. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $185.53 and a two-hundred day simple moving average of $179.61. The company has a market capitalization of $7.83 billion, a PE ratio of 24.53 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($0.19). The firm had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Simpson Manufacturing’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 earnings per share. As a group, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Simpson Manufacturing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 2nd will be issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Thursday, January 2nd. Simpson Manufacturing’s dividend payout ratio is presently 14.80%.

About Simpson Manufacturing

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.