Nisa Investment Advisors LLC Has $221,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Nisa Investment Advisors LLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 26.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,114 shares of the construction company’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Simpson Manufacturing were worth $221,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at about $29,000. Arlington Trust Co LLC acquired a new position in shares of Simpson Manufacturing in the third quarter valued at about $31,000. 1832 Asset Management L.P. acquired a new position in shares of Simpson Manufacturing in the first quarter valued at about $27,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at about $54,000. Finally, Quantbot Technologies LP acquired a new stake in Simpson Manufacturing during the first quarter worth about $30,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 1.3 %

Shares of Simpson Manufacturing stock opened at $184.37 on Friday. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 22.32 and a beta of 1.30. 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 Co., Inc. has a 12-month low of $111.29 and a 12-month high of $218.38. The firm’s 50-day moving average price is $197.56 and its two-hundred day moving average price is $178.01.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data on Monday, February 5th. The construction company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The firm had revenue of $501.70 million for the quarter, compared to analyst estimates of $482.98 million. Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.35 earnings per share. On average, analysts forecast that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Insider Activity at Simpson Manufacturing

In related news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now owns 14,638 shares in the company, valued at approximately $2,817,522.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now owns 14,638 shares in the company, valued at approximately $2,817,522.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders sold a total of 4,634 shares of company stock worth $927,460 in the last quarter. 0.42% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Simpson Manufacturing 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.