1,561 Shares in Simpson Manufacturing Company, Inc. $SSD Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC purchased a new position in Simpson Manufacturing Company, Inc. (NYSE:SSD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,561 shares of the construction company’s stock, valued at approximately $242,000.

A number of other large investors also recently bought and sold shares of the business. AlphaQuest LLC raised its holdings in Simpson Manufacturing by 1,164,500.0% in the 2nd quarter. AlphaQuest LLC now owns 11,646 shares of the construction company’s stock worth $1,809,000 after purchasing an additional 11,645 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Simpson Manufacturing by 50.5% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the construction company’s stock worth $85,000 after purchasing an additional 184 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Simpson Manufacturing by 3.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 48,109 shares of the construction company’s stock worth $7,472,000 after purchasing an additional 1,461 shares during the period. Whittier Trust Co. raised its holdings in Simpson Manufacturing by 2.3% in the 2nd quarter. Whittier Trust Co. now owns 87,337 shares of the construction company’s stock worth $13,564,000 after purchasing an additional 1,979 shares during the period. Finally, Klingman & Associates LLC acquired a new position in Simpson Manufacturing in the 2nd quarter worth about $277,000. Institutional investors and hedge funds own 93.68% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SSD. Weiss Ratings reiterated a “hold (c+)” rating on shares of Simpson Manufacturing in a research note on Wednesday, October 8th. DA Davidson boosted their price objective on Simpson Manufacturing from $185.00 to $190.00 and gave the stock a “neutral” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Simpson Manufacturing currently has an average rating of “Hold” and an average price target of $191.00.

Insider Buying and Selling

In related news, EVP Jeremy Gilstrap sold 2,500 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $178.27, for a total value of $445,675.00. Following the completion of the transaction, the executive vice president directly owned 7,794 shares in the company, valued at approximately $1,389,436.38. This represents a 24.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Andersen sold 1,000 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $196.13, for a total value of $196,130.00. Following the completion of the transaction, the executive vice president owned 7,810 shares of the company’s stock, valued at $1,531,775.30. The trade was a 11.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.39% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

SSD stock opened at $175.99 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.37 and a quick ratio of 1.80. The business has a 50 day simple moving average of $181.00 and a 200-day simple moving average of $168.42. The firm has a market capitalization of $7.32 billion, a PE ratio of 22.45 and a beta of 1.28. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 27th. The construction company reported $2.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.37 by $0.21. The business had revenue of $623.51 million during the quarter, compared to analyst estimates of $607.79 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.53%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.21 earnings per share. Equities research analysts anticipate that Simpson Manufacturing Company, Inc. will post 8.29 earnings per share for the current fiscal year.

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.