Marshall Financial Group LLC Takes $903,000 Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Marshall Financial Group LLC acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, Holdings Channel.com reports. The firm acquired 5,446 shares of the construction company’s stock, valued at approximately $903,000.

Other hedge funds have also recently bought and sold shares of the company. Champlain Investment Partners LLC purchased a new stake in Simpson Manufacturing during the third quarter worth about $16,060,000. Diversified Trust Co acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at approximately $591,000. US Bancorp DE increased its stake in Simpson Manufacturing by 9.1% during the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after buying an additional 352 shares during the period. International Assets Investment Management LLC lifted its holdings in Simpson Manufacturing by 8,883.3% during the 3rd quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company’s stock worth $1,134,000 after buying an additional 5,863 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Simpson Manufacturing by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company’s stock valued at $93,171,000 after buying an additional 6,585 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD opened at $165.83 on Friday. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38. The stock has a market capitalization of $6.99 billion, a PE ratio of 21.91 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The stock has a 50-day simple moving average of $174.19 and a 200-day simple moving average of $179.96.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird increased their price objective on Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Insider Buying and Selling

In other news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by insiders.

About Simpson Manufacturing

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.