Knowledge Leaders Capital LLC Reduces Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Knowledge Leaders Capital LLC lessened its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,976 shares of the construction company’s stock after selling 268 shares during the quarter. Knowledge Leaders Capital LLC’s holdings in Simpson Manufacturing were worth $589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Xponance Inc. lifted its stake in shares of 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 buying an additional 67 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Simpson Manufacturing by 36.1% during the 3rd 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 lifted its stake in shares of 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 buying an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in shares of 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 buying an additional 132 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Simpson Manufacturing during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In other news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total value of $168,368.00. Following the sale, the executive vice president now directly owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Phillip Burton sold 2,000 shares of Simpson Manufacturing stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the transaction, the executive vice president now directly 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 in the last three months. Insiders own 0.42% of the company’s stock.

Simpson Manufacturing Price Performance

NYSE SSD traded up $2.79 on Friday, reaching $173.61. The company had a trading volume of 549,928 shares, compared to its average volume of 343,710. The company has a quick ratio of 2.11, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $7.37 billion, a PE ratio of 21.75 and a beta of 1.30. The firm’s 50 day moving average price is $195.70 and its 200 day moving average price is $179.05. Simpson Manufacturing Co., Inc. has a 12 month low of $117.08 and a 12 month high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted 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). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The business had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. During the same quarter last year, the firm earned $2.05 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SSD. Robert W. Baird lifted 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. StockNews.com upgraded shares of 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.