Simpson Manufacturing Company, Inc. $SSD Shares Bought by Vest Financial LLC

Vest Financial LLC lifted its position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSDFree Report) by 15.9% in the 4th quarter, Holdings Channel reports. The fund owned 34,978 shares of the construction company’s stock after buying an additional 4,796 shares during the period. Vest Financial LLC’s holdings in Simpson Manufacturing were worth $5,648,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in shares of Simpson Manufacturing by 8,834.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 158,595 shares of the construction company’s stock valued at $25,608,000 after purchasing an additional 156,820 shares during the period. Capital World Investors boosted its position in shares of Simpson Manufacturing by 101.7% during the third quarter. Capital World Investors now owns 172,813 shares of the construction company’s stock worth $28,939,000 after buying an additional 87,135 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in Simpson Manufacturing in the 2nd quarter worth approximately $11,648,000. Cooke & Bieler LP acquired a new stake in Simpson Manufacturing in the 3rd quarter valued at approximately $12,211,000. Finally, Goldman Sachs Group Inc. increased its position in Simpson Manufacturing by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock valued at $33,327,000 after acquiring an additional 64,114 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SSD shares. Stephens boosted their price target on Simpson Manufacturing from $200.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Stifel Nicolaus upped their price objective on shares of Simpson Manufacturing from $205.00 to $217.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird boosted their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a research report on Tuesday. DA Davidson increased their price objective on shares of Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Weiss Ratings cut Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Simpson Manufacturing has an average rating of “Hold” and an average price target of $214.75.

Read Our Latest Analysis on Simpson Manufacturing

More Simpson Manufacturing News

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Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $192.66 on Wednesday. The company’s fifty day moving average is $180.65 and its two-hundred day moving average is $177.03. The company has a market cap of $7.94 billion, a P/E ratio of 22.60 and a beta of 1.37. Simpson Manufacturing Company, Inc. has a 12-month low of $149.79 and a 12-month high of $211.98. The company has a quick ratio of 1.99, a current ratio of 3.54 and a debt-to-equity ratio of 0.18.

Simpson Manufacturing (NYSE:SSDGet Free Report) last posted its quarterly earnings results on Monday, April 27th. The construction company reported $2.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.29. Simpson Manufacturing had a net margin of 14.92% and a return on equity of 17.87%. The business had revenue of $587.96 million during the quarter, compared to analyst estimates of $550.08 million. During the same period in the prior year, the firm earned $1.85 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. Equities analysts expect that Simpson Manufacturing Company, Inc. will post 8.98 earnings per share for the current fiscal year.

About Simpson Manufacturing

(Free Report)

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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