BlackRock Amends Simpson Mfg. Stake, Signals Continued Interest
Ticker: SSD · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 920371
| Field | Detail |
|---|---|
| Company | Simpson Manufacturing Co., Inc. (SSD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Simpson Manufacturing stake, still a big holder.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating a change in its ownership stake in Simpson Manufacturing Co., Inc. as of December 31, 2023. This is the 15th amendment to their filing, showing that BlackRock continues to be a significant institutional holder of Simpson Manufacturing's common stock. For investors, this filing confirms BlackRock's ongoing interest and position in the company, which can be seen as a vote of confidence from a major asset manager.
Why It Matters
This filing shows that a major institutional investor, BlackRock, still holds a significant position in Simpson Manufacturing, which can reassure current and potential shareholders about the stock's institutional backing.
Risk Assessment
Risk Level: low — This filing is routine for large institutional investors and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued presence as a significant shareholder, which might suggest stability, but should also review the full filing for specific changes in ownership percentage to gauge the exact shift in their position.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Simpson Manufacturing Co., Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 23, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 15)' sections.
Who is the 'subject company' in this filing?
The subject company is Simpson Manufacturing Co., Inc., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Simpson Manufacturing Co., Inc.'.
Who is the 'filer' of this document?
The filer of this document is BlackRock Inc., as identified under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock of Simpson Manufacturing Co., Inc. is 829073105, as stated under '(CUSIP Number)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Simpson Manufacturing Co., Inc. (SSD).