Stanley Laman Group Ltd. raised its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,206 shares of the construction company’s stock after acquiring an additional 1,239 shares during the period. Stanley Laman Group Ltd.’s holdings in Simpson Manufacturing were worth $1,785,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. JJJ Advisors Inc. bought a new position in shares of Simpson Manufacturing in the 4th quarter valued at $28,000. Fieldpoint Private Securities LLC bought a new position in shares of Simpson Manufacturing in the 4th quarter valued at $30,000. Planned Solutions Inc. bought a new stake in Simpson Manufacturing during the 4th quarter worth $47,000. Wolff Wiese Magana LLC bought a new stake in Simpson Manufacturing during the 4th quarter worth $48,000. Finally, Meeder Asset Management Inc. grew its position in Simpson Manufacturing by 7,666.7% during the 1st quarter. Meeder Asset Management Inc. now owns 466 shares of the construction company’s stock worth $48,000 after acquiring an additional 460 shares during the last quarter. Institutional investors own 89.21% of the company’s stock.
SSD stock opened at $114.55 on Monday. The firm has a market cap of $4.98 billion, a PE ratio of 27.14 and a beta of 1.24. The company has a quick ratio of 2.93, a current ratio of 4.29 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $108.75 and a 200-day moving average of $99.44. Simpson Manufacturing Co., Inc. has a 12-month low of $67.67 and a 12-month high of $119.77.
In other Simpson Manufacturing news, CEO Karen Winifred Colonias sold 10,000 shares of the stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $108.00, for a total transaction of $1,080,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian J. Magstadt sold 7,000 shares of the stock in a transaction on Monday, March 1st. The shares were sold at an average price of $99.88, for a total value of $699,160.00. Following the transaction, the chief financial officer now directly owns 33,921 shares of the company’s stock, valued at $3,388,029.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,000 shares of company stock valued at $2,006,140. 0.70% of the stock is owned by corporate insiders.
A number of research firms have commented on SSD. Robert W. Baird upped their price target on Simpson Manufacturing from $120.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday, April 27th. DA Davidson upped their price target on Simpson Manufacturing from $106.00 to $120.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 27th. Finally, Zacks Investment Research downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 20th.
Simpson Manufacturing Profile
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems that are used 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, protection, and strengthening applications.
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