Standard Family Office LLC increased its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 29.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 721 shares of the construction company’s stock after acquiring an additional 165 shares during the quarter. Standard Family Office LLC’s holdings in Simpson Manufacturing were worth $75,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SSD. Meeder Asset Management Inc. raised its stake in Simpson Manufacturing by 7,666.7% during the first quarter. Meeder Asset Management Inc. now owns 466 shares of the construction company’s stock worth $48,000 after acquiring an additional 460 shares during the period. Wolff Wiese Magana LLC increased its stake in shares of Simpson Manufacturing by 28.7% in the first quarter. Wolff Wiese Magana LLC now owns 664 shares of the construction company’s stock valued at $69,000 after purchasing an additional 148 shares during the period. CI Investments Inc. increased its stake in shares of Simpson Manufacturing by 110.9% in the fourth quarter. CI Investments Inc. now owns 814 shares of the construction company’s stock valued at $76,000 after purchasing an additional 428 shares during the period. Ironwood Wealth Management LLC. acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $93,000. Finally, Veriti Management LLC acquired a new stake in shares of Simpson Manufacturing in the fourth quarter valued at approximately $116,000. Hedge funds and other institutional investors own 87.45% of the company’s stock.
Several equities research analysts have commented on the stock. DA Davidson raised their price target on shares of Simpson Manufacturing from $106.00 to $120.00 and gave the company a “neutral” rating in a research note on Tuesday, April 27th. Zacks Investment Research lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 20th. Finally, Robert W. Baird raised their price target on shares of Simpson Manufacturing from $120.00 to $136.00 and gave the company an “outperform” rating in a research note on Tuesday, April 27th.
Simpson Manufacturing stock opened at $108.85 on Friday. The company has a 50 day moving average of $110.56. The company has a market capitalization of $4.73 billion, a PE ratio of 23.66 and a beta of 1.25. Simpson Manufacturing Co., Inc. has a 12-month low of $76.68 and a 12-month high of $119.77.
Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Sunday, April 25th. The construction company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.26. The business had revenue of $347.64 million during the quarter, compared to analysts’ expectations of $310.10 million. Simpson Manufacturing had a net margin of 15.06% and a return on equity of 20.83%. The business’s revenue was up 22.6% on a year-over-year basis. During the same period last year, the firm posted $0.83 earnings per share. Analysts expect that Simpson Manufacturing Co., Inc. will post 4.83 earnings per share for the current year.
Simpson Manufacturing Profile
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems that are used 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, protection, and strengthening applications.
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