Zurcher Kantonalbank Zurich Cantonalbank Has $1.91 Million Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,662 shares of the construction company’s stock after purchasing an additional 527 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Simpson Manufacturing were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in Simpson Manufacturing during the 4th quarter worth approximately $29,000. Arlington Trust Co LLC bought a new position in Simpson Manufacturing during the 3rd quarter worth $31,000. McGlone Suttner Wealth Management Inc. bought a new position in Simpson Manufacturing during the 4th quarter worth $54,000. Signaturefd LLC increased its stake in 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, Robeco Institutional Asset Management B.V. bought a new position in Simpson Manufacturing during the 3rd quarter worth $98,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Phillip Burton sold 2,000 shares of the business’s 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 transaction, the executive vice president now directly 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock worth $770,924 in the last 90 days. Insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SSD shares. 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, April 18th. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Wednesday.

Simpson Manufacturing Trading Up 0.2 %

Shares of SSD opened at $169.56 on Thursday. Simpson Manufacturing Co., Inc. has a 52-week low of $117.08 and a 52-week high of $218.38. The business’s fifty day moving average is $196.61 and its 200-day moving average is $178.86. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.11 and a current ratio of 3.77. The firm has a market cap of $7.20 billion, a price-to-earnings ratio of 21.25 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The business had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. During the same quarter in the previous year, the business posted $2.05 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current fiscal 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.