Linden Thomas Advisory Services LLC Makes New $327,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Linden Thomas Advisory Services LLC acquired a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,652 shares of the construction company’s stock, valued at approximately $327,000.

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

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Phillip Burton sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total value of $422,780.00. Following the completion of the transaction, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value 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. In the last three months, insiders sold 3,784 shares of company stock valued at $770,924. 0.42% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SSD. Robert W. Baird boosted their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Wednesday.

Simpson Manufacturing Trading Up 1.6 %

SSD opened at $173.55 on Friday. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38. The firm has a market capitalization of $7.37 billion, a PE ratio of 21.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.11. The company’s 50-day moving average is $195.70 and its 200 day moving average is $179.05.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.07). The company had revenue of $530.58 million during the quarter, compared to analysts’ expectations 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 for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal 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.