Simpson Manufacturing Co., Inc. (NYSE:SSD) Stock Position Decreased by Strs Ohio

Strs Ohio decreased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,300 shares of the construction company’s stock after selling 800 shares during the quarter. Strs Ohio’s holdings in Simpson Manufacturing were worth $2,237,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in Simpson Manufacturing by 2.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,619,073 shares of the construction company’s stock valued at $506,435,000 after purchasing an additional 118,070 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Simpson Manufacturing by 0.7% during the first quarter. Vanguard Group Inc. now owns 4,191,973 shares of the construction company’s stock valued at $457,093,000 after acquiring an additional 27,350 shares during the period. Capital International Investors grew its position in shares of Simpson Manufacturing by 9.5% during the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock worth $227,186,000 after acquiring an additional 180,856 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Simpson Manufacturing by 3.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,857,419 shares of the construction company’s stock worth $203,647,000 after acquiring an additional 59,800 shares during the period. Finally, State Street Corp lifted its position in Simpson Manufacturing by 0.8% in the 2nd quarter. State Street Corp now owns 1,409,122 shares of the construction company’s stock valued at $195,163,000 after purchasing an additional 11,773 shares during the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on SSD shares. Robert W. Baird upped their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com lowered Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $184.16, for a total value of $156,536.00. Following the sale, the executive vice president now owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Simpson Manufacturing news, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the transaction, the executive vice president now owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,634 shares of company stock valued at $927,460. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD opened at $184.37 on Friday. The stock has a market cap of $7.83 billion, a P/E ratio of 22.32 and a beta of 1.30. The firm’s 50-day simple moving average is $197.56 and its 200 day simple moving average is $178.01. Simpson Manufacturing Co., Inc. has a fifty-two week low of $111.29 and a fifty-two week high of $218.38. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The company had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current year.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells structural solutions for wood, concrete, and steel connections. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners and shearwalls, and pre-fabricated lateral systems for use 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, and strengthening and protection products.