Simpson Manufacturing Co, Inc. (NYSE:SSD) Sees Significant Growth in Short Interest

Simpson Manufacturing Co, Inc. (NYSE:SSD) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 1,668,600 shares, a growth of 13.6% from the July 31st total of 1,469,200 shares. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 214,500 shares, the short-interest ratio is currently 7.8 days.

SSD has been the topic of a number of research reports. Sidoti lowered Simpson Manufacturing from a “buy” rating to a “neutral” rating and cut their price objective for the company from $72.00 to $60.00 in a report on Tuesday, July 30th. Zacks Investment Research lowered Simpson Manufacturing from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Finally, ValuEngine raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, August 16th.

In other news, COO Ricardo M. Arevalo sold 1,301 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $65.37, for a total value of $85,046.37. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Roger Dankel sold 1,300 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $64.39, for a total value of $83,707.00. The disclosure for this sale can be found here. 0.56% of the stock is currently owned by corporate insiders.



A number of hedge funds have recently modified their holdings of SSD. D.B. Root & Company LLC lifted its position in shares of Simpson Manufacturing by 3.0% in the second quarter. D.B. Root & Company LLC now owns 6,874 shares of the construction company’s stock valued at $456,000 after acquiring an additional 200 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of Simpson Manufacturing by 8.7% in the first quarter. ETF Managers Group LLC now owns 2,504 shares of the construction company’s stock valued at $148,000 after acquiring an additional 201 shares in the last quarter. Zebra Capital Management LLC lifted its position in shares of Simpson Manufacturing by 4.5% in the second quarter. Zebra Capital Management LLC now owns 5,155 shares of the construction company’s stock valued at $343,000 after acquiring an additional 222 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Simpson Manufacturing by 1.8% during the first 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 in the last quarter. Finally, Wrapmanager Inc. lifted its position in Simpson Manufacturing by 5.9% during the second quarter. Wrapmanager Inc. now owns 5,746 shares of the construction company’s stock worth $382,000 after buying an additional 320 shares in the last quarter. Institutional investors own 89.66% of the company’s stock.

Simpson Manufacturing stock traded up $0.10 during midday trading on Friday, hitting $68.58. 183,192 shares of the company were exchanged, compared to its average volume of 178,621. The firm has a market capitalization of $3.06 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 5.01 and a beta of 1.39. Simpson Manufacturing has a fifty-two week low of $49.54 and a fifty-two week high of $77.95. The business has a fifty day simple moving average of $63.68 and a two-hundred day simple moving average of $63.17. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.21 and a current ratio of 3.90.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 29th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.14). The company had revenue of $304.90 million for the quarter, compared to analyst estimates of $323.71 million. Simpson Manufacturing had a return on equity of 14.69% and a net margin of 11.21%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. As a group, equities analysts expect that Simpson Manufacturing will post 2.73 earnings per share for the current year.

Simpson Manufacturing Company 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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