Bank of New York Mellon Corp Sells 4,778 Shares of Simpson Manufacturing Company, Inc. (NYSE:SSD)

Bank of New York Mellon Corp lowered its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 343,499 shares of the construction company’s stock after selling 4,778 shares during the period. Bank of New York Mellon Corp owned 0.82% of Simpson Manufacturing worth $53,957,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SSD. Principal Financial Group Inc. raised its position in Simpson Manufacturing by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 97,163 shares of the construction company’s stock worth $15,262,000 after purchasing an additional 380 shares during the last quarter. GAMMA Investing LLC raised its position in Simpson Manufacturing by 163.7% in the 1st quarter. GAMMA Investing LLC now owns 1,171 shares of the construction company’s stock worth $184,000 after purchasing an additional 727 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Simpson Manufacturing by 708.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,590 shares of the construction company’s stock worth $2,135,000 after purchasing an additional 11,908 shares during the last quarter. State of Alaska Department of Revenue raised its position in Simpson Manufacturing by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 4,944 shares of the construction company’s stock worth $776,000 after purchasing an additional 135 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Simpson Manufacturing by 1,070.0% in the 1st quarter. Blue Trust Inc. now owns 351 shares of the construction company’s stock worth $55,000 after purchasing an additional 321 shares during the last quarter. Institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

SSD stock opened at $167.01 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.17 and a quick ratio of 1.54. The company has a 50 day moving average price of $158.56 and a 200 day moving average price of $159.79. Simpson Manufacturing Company, Inc. has a fifty-two week low of $137.35 and a fifty-two week high of $197.82. The stock has a market capitalization of $6.99 billion, a PE ratio of 21.75 and a beta of 1.28.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.14. Simpson Manufacturing had a net margin of 14.49% and a return on equity of 17.80%. The firm had revenue of $538.90 million during the quarter, compared to analysts’ expectations of $531.81 million. During the same quarter in the previous year, the company posted $1.77 EPS. Simpson Manufacturing’s revenue was up 1.6% on a year-over-year basis. Analysts forecast that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Simpson Manufacturing Increases Dividend

The firm 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Thursday, July 3rd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.28. Simpson Manufacturing’s payout ratio is currently 15.10%.

Simpson Manufacturing 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.