PNC Financial Services Group Inc. Sells 4,169 Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD)

PNC Financial Services Group Inc. trimmed its stake in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,116 shares of the construction company’s stock after selling 4,169 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.25% of Simpson Manufacturing worth $6,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. ETF Managers Group LLC grew its position in shares of Simpson Manufacturing by 8.7% in the 1st quarter. ETF Managers Group LLC now owns 2,504 shares of the construction company’s stock worth $148,000 after buying an additional 201 shares during the last quarter. Piedmont Investment Advisors Inc. grew its position in shares of Simpson Manufacturing by 2.6% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 9,846 shares of the construction company’s stock worth $533,000 after buying an additional 248 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in shares of Simpson Manufacturing by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,022 shares of the construction company’s stock worth $950,000 after buying an additional 289 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Simpson Manufacturing by 11.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,056 shares of the construction company’s stock worth $165,000 after buying an additional 314 shares during the last quarter. Finally, BW Gestao de Investimentos Ltda. grew its position in shares of Simpson Manufacturing by 1.6% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 20,531 shares of the construction company’s stock worth $1,111,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 89.68% of the company’s stock.

Shares of SSD stock traded up $0.60 during trading hours on Friday, reaching $66.46. The company’s stock had a trading volume of 847,508 shares, compared to its average volume of 156,594. Simpson Manufacturing Co, Inc. has a one year low of $49.54 and a one year high of $78.36. The company has a market capitalization of $2.94 billion, a PE ratio of 23.00, a P/E/G ratio of 4.16 and a beta of 1.49. The business’s fifty day moving average is $64.44.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, April 29th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.02). Simpson Manufacturing had a net margin of 11.59% and a return on equity of 15.05%. The firm had revenue of $259.20 million for the quarter, compared to the consensus estimate of $255.80 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts expect that Simpson Manufacturing Co, Inc. will post 3.17 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, July 2nd. This is a positive change from Simpson Manufacturing’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 1.38%. Simpson Manufacturing’s payout ratio is currently 30.45%.

In related news, Director Greenway Robin Macgillivray sold 1,475 shares of Simpson Manufacturing stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $61.56, for a total transaction of $90,801.00. Following the sale, the director now directly owns 12,470 shares in the company, valued at $767,653.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.56% of the company’s stock.

Separately, Zacks Investment Research reiterated a “hold” rating on shares of Simpson Manufacturing in a research report on Saturday.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.

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

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