Intellectus Partners LLC Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Intellectus Partners LLC purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,275 shares of the construction company’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in Simpson Manufacturing by 1.1% during the fourth quarter. Xponance Inc. now owns 6,216 shares of the construction company’s stock valued at $1,231,000 after purchasing an additional 67 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Simpson Manufacturing by 36.1% in the 3rd quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock valued at $62,000 after buying an additional 110 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Simpson Manufacturing by 1.5% in the fourth quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock valued at $1,517,000 after buying an additional 112 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in Simpson Manufacturing by 19.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock worth $120,000 after acquiring an additional 132 shares in the last quarter. Finally, Contravisory Investment Management Inc. bought a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $29,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at approximately $5,697,573.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Jennifer Chatman sold 934 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the completion of the sale, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 28,764 shares in the company, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders have sold a total of 3,784 shares of company stock worth $770,924 in the last ninety days. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD opened at $175.66 on Tuesday. Simpson Manufacturing Co., Inc. has a 1 year low of $117.08 and a 1 year high of $218.38. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 22.01 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. The company’s 50 day simple moving average is $195.34 and its 200 day simple moving average is $179.84.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). The company had revenue of $530.58 million for 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 20.51%. The company’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $2.05 earnings per share. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th.

Simpson Manufacturing Company 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.