The Manufacturers Life Insurance Company reduced its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 108,485 shares of the construction company’s stock after selling 1,828 shares during the period. The Manufacturers Life Insurance Company owned about 0.23% of Simpson Manufacturing worth $4,741,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Simpson Manufacturing by 155,956.1% during the 1st quarter. BlackRock Inc. now owns 5,212,273 shares of the construction company’s stock valued at $224,596,000 after buying an additional 5,208,933 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at $72,714,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at $18,828,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at $17,521,000. Finally, Franklin Resources Inc. grew its stake 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 valued at $131,584,000 after buying an additional 297,244 shares during the period. 84.09% of the stock is owned by hedge funds and other institutional investors.

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In other Simpson Manufacturing news, insider Psb Fund Simpson sold 95,322 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $49.54, for a total value of $4,722,251.88. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Sharon H. Simpson sold 72,424 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $200,724.00, for a total transaction of $14,537,234,976.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 885,997 shares of company stock worth $14,577,432,171. Company insiders own 0.36% of the company’s stock.

Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 48.63 on Tuesday. The stock has a market capitalization of $2.30 billion, a PE ratio of 23.72 and a beta of 1.40. The stock’s 50 day moving average is $48.61 and its 200 day moving average is $44.30. Simpson Manufacturing Company, Inc. has a 52 week low of $39.82 and a 52 week high of $50.18.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, October 30th. The construction company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.02). The company had revenue of $262.50 million during the quarter, compared to analyst estimates of $261.27 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 EPS. Analysts anticipate that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current fiscal year.

Several brokerages have recently issued reports on SSD. Robert W. Baird raised shares of Simpson Manufacturing from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $58.00 in a research note on Tuesday. DA Davidson raised shares of Simpson Manufacturing from a “neutral” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, BidaskClub cut shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th.

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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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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