Cumberland Partners Ltd Makes New $693,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Cumberland Partners Ltd bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,500 shares of the construction company’s stock, valued at approximately $693,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in shares of Simpson Manufacturing in the fourth quarter worth about $35,000. Linden Thomas Advisory Services LLC bought a new position in shares of Simpson Manufacturing in the fourth quarter worth about $327,000. Illinois Municipal Retirement Fund bought a new position in shares of Simpson Manufacturing in the fourth quarter worth about $797,000. Jennison Associates LLC bought a new position in shares of Simpson Manufacturing in the fourth quarter worth about $977,000. Finally, OLD National Bancorp IN bought a new position in shares of Simpson Manufacturing in the fourth quarter worth about $236,000. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now 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 accessible through the SEC website. In other news, EVP Phillip Burton sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the sale, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,784 shares of company stock valued at $770,924. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Trading Up 0.6 %

NYSE SSD traded up $0.97 during trading hours on Wednesday, reaching $170.20. The company’s stock had a trading volume of 452,008 shares, compared to its average volume of 247,136. The firm has a fifty day simple moving average of $197.04 and a 200-day simple moving average of $178.93. The stock has a market cap of $7.23 billion, a P/E ratio of 21.21 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 52 week low of $117.08 and a 52 week high of $218.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.77%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $2.05 EPS. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on SSD shares. Robert W. Baird increased their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, April 18th. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Simpson Manufacturing 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.