BlackRock Buys New Position in Simpson Manufacturing Worth About $862M
BlackRock Inc. purchased a new position in Simpson Manufacturing Company, buying 4,118,164 shares valued at about $862,138,000, as disclosed in its SEC filing. Institutional investors own 93.68% of Simpson’s stock, while other funds also added shares. Weiss Ratings raised Simpson’s outlook from hold to buy, and the dividend payout ratio is 13.11%.