California Public Employees Retirement System Sells 4,475 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

California Public Employees Retirement System decreased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.5% in the 4th quarter, HoldingsChannel reports. The fund owned 95,996 shares of the construction company’s stock after selling 4,475 shares during the period. California Public Employees Retirement System’s holdings in Simpson Manufacturing were worth $19,005,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SSD. Xponance Inc. increased its stake in Simpson Manufacturing by 1.1% during the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock valued at $1,231,000 after purchasing an additional 67 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Simpson Manufacturing by 36.1% in the third quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock valued at $62,000 after buying an additional 110 shares in the last quarter. Cerity Partners LLC increased its position in shares of Simpson Manufacturing by 1.5% during the fourth quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock worth $1,517,000 after acquiring an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of Simpson Manufacturing by 19.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock worth $120,000 after acquiring an additional 132 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in Simpson Manufacturing in the 4th quarter valued at about $29,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Simpson Manufacturing

In related news, Director Jennifer Chatman sold 934 shares of the business’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 transaction, the director now directly owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing 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 sale, the director now owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roger Dankel sold 850 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock worth $770,924 in the last quarter. 0.42% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. 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 report on Thursday, April 18th.

Simpson Manufacturing Stock Up 1.2 %

SSD opened at $175.66 on Tuesday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. The company’s 50-day moving average is $195.34 and its 200 day moving average is $179.84. The firm has a market capitalization of $7.46 billion, a P/E ratio of 22.01 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. Simpson Manufacturing’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.05 EPS. Research analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share 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.