Anchor Capital Advisors LLC Purchases 830 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Anchor Capital Advisors LLC increased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,598 shares of the construction company’s stock after purchasing an additional 830 shares during the period. Anchor Capital Advisors LLC’s holdings in Simpson Manufacturing were worth $1,504,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Xponance Inc. lifted its holdings 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 during the last quarter. Signaturefd LLC raised 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 acquiring an additional 110 shares during the last quarter. Cerity Partners LLC grew its position in Simpson Manufacturing by 1.5% during the 4th 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 during the last quarter. Harvest Fund Management Co. Ltd increased its holdings in Simpson Manufacturing by 19.7% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock valued at $120,000 after purchasing an additional 132 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Simpson Manufacturing during the fourth quarter worth $29,000. Institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SSD. Robert W. Baird upped their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Wednesday, April 24th.

Insiders Place Their Bets

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the company’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 of the company’s stock, valued at $2,817,522.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Jennifer Chatman sold 934 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the sale, the director now directly owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the sale, the executive vice president now owns 28,764 shares in the company, valued at $5,697,573.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,784 shares of company stock worth $770,924. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Down 0.1 %

Simpson Manufacturing stock traded down $0.14 during mid-day trading on Tuesday, hitting $175.52. The stock had a trading volume of 52,989 shares, compared to its average volume of 257,722. The stock has a market capitalization of $7.45 billion, a PE ratio of 22.01 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 12 month low of $117.08 and a 12 month high of $218.38. 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 stock has a 50-day simple moving average of $195.34 and a two-hundred day simple moving average of $179.84.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. Simpson Manufacturing’s revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.05 earnings per share. As a group, sell-side analysts forecast 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.