Cerity Partners LLC Boosts Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Cerity Partners LLC grew its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,662 shares of the construction company’s stock after acquiring an additional 112 shares during the quarter. Cerity Partners LLC’s holdings in Simpson Manufacturing were worth $1,517,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Simpson Manufacturing by 2.6% in the first 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 acquiring an additional 118,070 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Simpson Manufacturing by 0.7% in the first quarter. Vanguard Group Inc. now owns 4,191,973 shares of the construction company’s stock valued at $457,093,000 after purchasing an additional 27,350 shares during the last quarter. Capital International Investors boosted its holdings in Simpson Manufacturing by 9.5% in the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock valued at $227,186,000 after purchasing an additional 180,856 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Simpson Manufacturing by 3.3% in the first quarter. JPMorgan Chase & Co. now owns 1,857,419 shares of the construction company’s stock valued at $203,647,000 after purchasing an additional 59,800 shares during the last quarter. Finally, State Street Corp boosted its holdings 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 purchasing an additional 11,773 shares during the last quarter. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the sale, the director now owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Phillip Burton sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the director now owns 14,638 shares in the company, valued at $2,817,522.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,634 shares of company stock valued at $927,460. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Up 1.3 %

NYSE:SSD opened at $184.38 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 business’s 50 day moving average is $197.56 and its two-hundred day moving average is $178.23. Simpson Manufacturing Co., Inc. has a 52 week low of $111.29 and a 52 week high of $218.38. The company has a market cap of $7.83 billion, a PE ratio of 22.32 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last released its 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 firm had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. During the same period in the prior year, the business earned $1.35 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts predict that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird increased their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday. StockNews.com downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

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.