Strs Ohio Has $2.24 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Strs Ohio cut its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 6.6% during the fourth quarter, Holdings Channel reports. The institutional investor 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SSD. Cim Investment Management Inc. raised its stake in shares of Simpson Manufacturing by 3.6% in the first quarter. Cim Investment Management Inc. now owns 2,905 shares of the construction company’s stock valued at $319,000 after purchasing an additional 100 shares in the last quarter. Zacks Investment Management raised its stake in shares of Simpson Manufacturing by 0.7% in the 2nd quarter. Zacks Investment Management now owns 15,878 shares of the construction company’s stock valued at $2,199,000 after buying an additional 106 shares in the last quarter. KB Financial Partners LLC lifted its holdings in shares of Simpson Manufacturing by 1.5% during the 2nd quarter. KB Financial Partners LLC now owns 7,494 shares of the construction company’s stock worth $1,038,000 after acquiring an additional 108 shares during the period. Signaturefd LLC lifted its holdings in shares of Simpson Manufacturing by 36.1% during the 3rd quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock worth $62,000 after acquiring an additional 110 shares during the period. Finally, HighTower Advisors LLC boosted its position in shares of Simpson Manufacturing by 4.2% during the 1st quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock valued at $300,000 after acquiring an additional 111 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors.

Simpson Manufacturing Trading Up 1.3 %

Shares of SSD stock opened at $184.37 on Friday. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.83 billion, a P/E ratio of 22.32 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 12-month low of $111.29 and a 12-month high of $218.38. The firm has a 50-day moving average price of $197.56 and a 200 day moving average price of $178.01.

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). Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. The business had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. During the same quarter last year, the company earned $1.35 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Research analysts forecast that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at Simpson Manufacturing

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 completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Jennifer Chatman sold 934 shares of the business’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 transaction of $179,776.32. Following the completion of the sale, the director now directly owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Roger Dankel sold 850 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the transaction, the executive vice president now owns 27,330 shares in the company, valued at $5,033,092.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,634 shares of company stock worth $927,460. Insiders own 0.42% of the company’s stock.

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.