UMB Bank n.a. Sells 147 Shares of Simpson Manufacturing Company, Inc. $SSD

UMB Bank n.a. decreased its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 415 shares of the construction company’s stock after selling 147 shares during the quarter. UMB Bank n.a.’s holdings in Simpson Manufacturing were worth $64,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Diversified Trust Co raised its holdings in Simpson Manufacturing by 30.2% during the 2nd quarter. Diversified Trust Co now owns 5,563 shares of the construction company’s stock worth $864,000 after purchasing an additional 1,290 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Simpson Manufacturing by 2.2% during the 1st quarter. Voya Investment Management LLC now owns 7,182 shares of the construction company’s stock worth $1,128,000 after buying an additional 152 shares during the period. First Hawaiian Bank grew its position in shares of Simpson Manufacturing by 7.2% during the 1st quarter. First Hawaiian Bank now owns 1,527 shares of the construction company’s stock worth $240,000 after buying an additional 102 shares during the period. Strs Ohio acquired a new stake in shares of Simpson Manufacturing during the 1st quarter worth approximately $1,103,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of Simpson Manufacturing during the 1st quarter worth approximately $72,000. Institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, DA Davidson raised their price objective on shares of Simpson Manufacturing from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $191.00.

Insiders Place Their Bets

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Monday, August 25th. The stock was sold at an average price of $196.13, for a total transaction of $196,130.00. Following the sale, the executive vice president directly owned 7,810 shares in the company, valued at $1,531,775.30. The trade was a 11.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeremy Gilstrap sold 2,500 shares of Simpson Manufacturing stock in a transaction on Friday, August 1st. The stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the sale, the executive vice president owned 7,794 shares in the company, valued at $1,389,436.38. The trade was a 24.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $172.80 on Friday. The company has a fifty day simple moving average of $183.68 and a 200 day simple moving average of $165.65. Simpson Manufacturing Company, Inc. has a 12-month low of $137.35 and a 12-month high of $197.82. The company has a current ratio of 3.37, a quick ratio of 1.80 and a debt-to-equity ratio of 0.18. The company has a market cap of $7.19 billion, a P/E ratio of 22.04 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, July 28th. The construction company reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.08. The firm had revenue of $631.06 million for the quarter, compared to the consensus estimate of $601.80 million. Simpson Manufacturing had a net margin of 14.53% and a return on equity of 17.72%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 EPS. Sell-side analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

Simpson Manufacturing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 2nd. Simpson Manufacturing’s 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.