Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSDGet Rating) by 2.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,349 shares of the construction company’s stock after selling 169 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Simpson Manufacturing were worth $498,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in 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 buying an additional 27,350 shares in the last quarter. Capital International Investors lifted its stake in Simpson Manufacturing by 9.5% during the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock valued at $227,186,000 after buying an additional 180,856 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Simpson Manufacturing by 26.0% during the second quarter. JPMorgan Chase & Co. now owns 1,720,161 shares of the construction company’s stock valued at $173,066,000 after buying an additional 355,069 shares in the last quarter. State Street Corp lifted its stake in Simpson Manufacturing by 1.7% during the first quarter. State Street Corp now owns 1,347,592 shares of the construction company’s stock valued at $146,941,000 after buying an additional 22,435 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Simpson Manufacturing by 10.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 687,325 shares of the construction company’s stock valued at $53,885,000 after buying an additional 62,736 shares in the last quarter. 91.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SSD shares. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Friday, November 18th. TheStreet downgraded Simpson Manufacturing from a “b-” rating to a “c+” rating in a report on Monday, October 31st. Finally, DA Davidson dropped their target price on Simpson Manufacturing from $123.00 to $90.00 and set a “neutral” rating on the stock in a report on Tuesday, October 25th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.00.

Simpson Manufacturing Trading Up 3.7 %

NYSE:SSD opened at $99.42 on Monday. The stock’s 50 day moving average price is $93.12 and its 200 day moving average price is $92.25. Simpson Manufacturing Co., Inc. has a 52 week low of $75.25 and a 52 week high of $124.48. The company has a market capitalization of $4.24 billion, a P/E ratio of 12.41 and a beta of 1.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.00 and a current ratio of 3.56.

Simpson Manufacturing (NYSE:SSDGet Rating) last released its quarterly earnings data on Monday, October 24th. The construction company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.40. Simpson Manufacturing had a return on equity of 27.49% and a net margin of 16.81%. The firm had revenue of $553.66 million for the quarter, compared to the consensus estimate of $529.94 million. During the same quarter in the prior year, the company posted $1.70 earnings per share. The firm’s revenue was up 39.6% on a year-over-year basis. On average, research analysts forecast that Simpson Manufacturing Co., Inc. will post 7.52 EPS for the current fiscal year.

Insider Buying and Selling

In other Simpson Manufacturing news, CFO Brian J. Magstadt sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $100.00, for a total transaction of $250,000.00. Following the completion of the sale, the chief financial officer now owns 17,547 shares of the company’s stock, valued at $1,754,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

About Simpson Manufacturing

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Simpson Manufacturing Co, Inc engages in the manufacture and marketing of building and construction solutions. It offers wood construction products, which include connectors, truss plates, fastening systems, and lateral systems primarily used to strengthen, support, and connect wood applications in residential and commercial construction, as well as do-it-yourself (DIY) projects, concrete construction products such as anchor, repair, and protection, and strengthening products for concrete, brick, and masonry applications in industrial, infrastructure, residential commercial, and DIY projects.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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