4,024 Shares in Simpson Manufacturing Co., Inc. (NYSE:SSD) Purchased by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,024 shares of the construction company’s stock, valued at approximately $797,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Simpson Manufacturing in the fourth quarter worth approximately $29,000. Arlington Trust Co LLC acquired a new position in shares of Simpson Manufacturing in the 3rd quarter valued at $31,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $54,000. Signaturefd LLC increased 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 buying an additional 110 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in shares of Simpson Manufacturing in the 3rd quarter worth $98,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SSD shares. Robert W. Baird boosted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the 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 of the company’s stock, valued at $2,817,522.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Simpson Manufacturing 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 value of $422,780.00. Following the transaction, the executive vice president now owns 4,044 shares in the company, valued at approximately $854,861.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were 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 $2,817,522.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,784 shares of company stock worth $770,924. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $175.66 on Tuesday. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26. The company has a market cap of $7.46 billion, a PE ratio of 22.01 and a beta of 1.30. The company’s fifty day simple moving average is $195.34 and its 200-day simple moving average is $179.84. Simpson Manufacturing Co., Inc. has a 52 week low of $117.08 and a 52 week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced 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). The company had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. As a group, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current year.

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.