UMB Bank n.a. Raises Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

UMB Bank n.a. increased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 171.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 562 shares of the construction company’s stock after purchasing an additional 355 shares during the period. UMB Bank n.a.’s holdings in Simpson Manufacturing were worth $88,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of SSD. Norges Bank purchased a new position in Simpson Manufacturing in the fourth quarter worth $73,758,000. Raymond James Financial Inc. acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $54,644,000. Ameriprise Financial Inc. boosted its position in Simpson Manufacturing by 90.4% in the 4th quarter. Ameriprise Financial Inc. now owns 581,406 shares of the construction company’s stock worth $96,405,000 after purchasing an additional 275,989 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in Simpson Manufacturing by 5,137.3% during the fourth quarter. Quantinno Capital Management LP now owns 270,349 shares of the construction company’s stock worth $44,832,000 after buying an additional 265,187 shares in the last quarter. Finally, Champlain Investment Partners LLC grew its position in shares of Simpson Manufacturing by 300.2% during the 4th quarter. Champlain Investment Partners LLC now owns 336,051 shares of the construction company’s stock valued at $55,727,000 after acquiring an additional 252,085 shares during the period. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock opened at $156.91 on Friday. The company has a fifty day simple moving average of $154.55 and a 200-day simple moving average of $163.07. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.65 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.14. The company had revenue of $538.90 million during the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a net margin of 14.44% and a return on equity of 18.00%. Simpson Manufacturing’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.77 EPS. On average, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current fiscal year.

Simpson Manufacturing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd will be issued a $0.29 dividend. This is a boost from Simpson Manufacturing’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 0.74%. The ex-dividend date is Thursday, July 3rd. Simpson Manufacturing’s dividend payout ratio is presently 15.10%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their price target on shares of Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th.

Simpson Manufacturing Company 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.