Xponance Inc. Raises Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Xponance Inc. boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,216 shares of the construction company’s stock after buying an additional 67 shares during the period. Xponance Inc.’s holdings in Simpson Manufacturing were worth $1,231,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Invesco Ltd. boosted its holdings in shares of Simpson Manufacturing by 309.3% in the 3rd quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock valued at $72,340,000 after buying an additional 364,910 shares in the last quarter. FMR LLC boosted its stake in Simpson Manufacturing by 48.6% in the third quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock valued at $157,473,000 after acquiring an additional 343,986 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Simpson Manufacturing by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company’s stock worth $88,679,000 after purchasing an additional 140,401 shares during the last quarter. Comerica Bank increased its position in shares of Simpson Manufacturing by 669.6% during the third quarter. Comerica Bank now owns 131,939 shares of the construction company’s stock worth $19,766,000 after purchasing an additional 114,795 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its position in shares of Simpson Manufacturing by 1,190.4% during the third quarter. Ontario Teachers Pension Plan Board now owns 34,840 shares of the construction company’s stock worth $5,219,000 after purchasing an additional 32,140 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity at Simpson Manufacturing

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

Simpson Manufacturing Trading Up 0.2 %

NYSE:SSD opened at $169.56 on Thursday. The company has a market capitalization of $7.20 billion, a P/E ratio of 21.25 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 2.11 and a debt-to-equity ratio of 0.26. Simpson Manufacturing Co., Inc. has a 12 month low of $117.08 and a 12 month high of $218.38. The firm has a fifty day simple moving average of $196.61 and a 200-day simple moving average of $178.86.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.05 EPS. On average, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.