Simpson Manufacturing Company, Inc. $SSD Stock: Vest Financial LLC Grows Stake

Vest Financial LLC boosted its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,049 shares of the construction company’s stock after buying an additional 2,705 shares during the quarter. Vest Financial LLC owned 0.10% of Simpson Manufacturing worth $7,185,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cooke & Bieler LP raised its holdings in shares of Simpson Manufacturing by 10.8% during the third quarter. Cooke & Bieler LP now owns 74,794 shares of the construction company’s stock valued at $12,781,000 after purchasing an additional 7,295 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in Simpson Manufacturing by 174.0% during the third quarter. Crossmark Global Holdings Inc. now owns 19,811 shares of the construction company’s stock valued at $3,385,000 after purchasing an additional 12,581 shares during the period. Nisa Investment Advisors LLC lifted its position in Simpson Manufacturing by 144.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,508 shares of the construction company’s stock valued at $258,000 after purchasing an additional 891 shares during the period. IFP Advisors Inc boosted its holdings in Simpson Manufacturing by 23.2% in the third quarter. IFP Advisors Inc now owns 1,021 shares of the construction company’s stock worth $174,000 after purchasing an additional 192 shares during the last quarter. Finally, First Citizens Bank & Trust Co. purchased a new stake in Simpson Manufacturing in the third quarter worth approximately $473,000. Institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SSD. Weiss Ratings raised shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Stephens increased their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a report on Tuesday, July 28th. Stifel Nicolaus increased their price target on Simpson Manufacturing from $217.00 to $218.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, UBS Group restated a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $216.25.

Insider Transactions at Simpson Manufacturing

In other Simpson Manufacturing news, CEO Michael Olosky sold 3,502 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $172.84, for a total transaction of $605,285.68. Following the sale, the chief executive officer owned 51,398 shares in the company, valued at approximately $8,883,630.32. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Simpson Manufacturing Price Performance

NYSE SSD opened at $186.81 on Friday. The business’s fifty day moving average is $178.11 and its 200 day moving average is $185.47. Simpson Manufacturing Company, Inc. has a fifty-two week low of $156.32 and a fifty-two week high of $213.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.14 and a current ratio of 3.29. The company has a market capitalization of $7.69 billion, a PE ratio of 20.42 and a beta of 1.32.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, July 27th. The construction company reported $3.09 EPS for the quarter, topping the consensus estimate of $2.72 by $0.37. Simpson Manufacturing had a return on equity of 18.45% and a net margin of 15.65%. The firm had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. During the same quarter last year, the company earned $2.47 earnings per share. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. Sell-side analysts predict that Simpson Manufacturing Company, Inc. will post 9.30 earnings per share for the current year.

Simpson Manufacturing Profile

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.