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

California Public Employees Retirement System decreased its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4.5% during the fourth quarter, according to the company in its most recent filing with the SEC. 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 owned 0.22% of Simpson Manufacturing worth $19,005,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Xponance Inc. lifted its position in Simpson Manufacturing by 1.1% during the 4th quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock worth $1,231,000 after acquiring an additional 67 shares during the last quarter. Signaturefd LLC lifted its position 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 purchasing an additional 110 shares during the last quarter. Cerity Partners LLC boosted its stake in Simpson Manufacturing by 1.5% during the 4th quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock valued at $1,517,000 after purchasing an additional 112 shares during the period. Harvest Fund Management Co. Ltd grew its holdings in Simpson Manufacturing by 19.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock valued at $120,000 after buying an additional 132 shares during the last quarter. Finally, Contravisory Investment Management Inc. bought a new position in Simpson Manufacturing in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction that occurred 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 directly owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction 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 transaction, the director now directly owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the company’s 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 completion of the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders sold 3,784 shares of company stock valued at $770,924 over the last quarter. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $175.66 on Tuesday. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 22.01 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a one year low of $117.08 and a one year high of $218.38. The business has a fifty day simple moving average of $195.34 and a 200 day simple moving average of $179.84. The company has a current ratio of 3.77, a quick ratio of 2.19 and a debt-to-equity ratio of 0.26.

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). 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 analyst estimates of $549.87 million. During the same quarter in the prior year, the company posted $2.05 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current 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.