Jennison Associates LLC Buys Shares of 4,933 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Jennison Associates LLC purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, Holdings Channel reports. The firm purchased 4,933 shares of the construction company’s stock, valued at approximately $977,000.

A number of other large investors have also recently modified their holdings of the company. Xponance Inc. raised its stake in Simpson Manufacturing by 1.1% in the fourth quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock worth $1,231,000 after buying an additional 67 shares in the last quarter. Signaturefd LLC raised its stake in Simpson Manufacturing by 36.1% in the third quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock worth $62,000 after buying an additional 110 shares in the last quarter. Cerity Partners LLC raised its stake in Simpson Manufacturing by 1.5% in the fourth quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock worth $1,517,000 after buying an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd raised its stake in Simpson Manufacturing by 19.7% in the third quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock worth $120,000 after buying an additional 132 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in Simpson Manufacturing in the fourth quarter worth approximately $29,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity

In other news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction 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 sale, 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 valued at $770,924 over the last ninety days. 0.42% of the stock is currently owned by insiders.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $173.61 on Friday. The business’s fifty day simple moving average is $195.70 and its 200-day simple moving average is $179.30. The company has a market cap of $7.37 billion, a PE ratio of 21.76 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 2.11 and a debt-to-equity ratio of 0.26. Simpson Manufacturing Co., Inc. has a 12-month low of $117.08 and a 12-month high of $218.38.

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 analysts’ consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $2.05 earnings per share. Analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird upped their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th.

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.