Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4,634.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,067 shares of the construction company’s stock after purchasing an additional 12,791 shares during the quarter. International Assets Investment Management LLC’s holdings in Simpson Manufacturing were worth $2,587,000 at the end of the most recent quarter.

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

Insider Activity

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on SSD. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Robert W. Baird raised their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday.

Simpson Manufacturing Stock Performance

SSD stock opened at $182.03 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 22.04 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 1 year low of $110.40 and a 1 year high of $218.38. The stock’s fifty day moving average is $197.72 and its two-hundred day moving average is $177.76.

Simpson Manufacturing (NYSE:SSD) last issued 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 business had revenue of $501.70 million for the quarter, compared to analyst estimates of $482.98 million. Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. Simpson Manufacturing’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $1.35 earnings per share. On average, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current year.

Simpson Manufacturing Company Profile

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.