Park Place Capital Corp Purchases Shares of 174 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Park Place Capital Corp bought 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 and Exchange Commission (SEC). The firm bought 174 shares of the construction company’s stock, valued at approximately $29,000.

Several other hedge funds have also made changes to their positions in SSD. Renaissance Technologies LLC lifted its stake in Simpson Manufacturing by 8.7% during the second quarter. Renaissance Technologies LLC now owns 13,700 shares of the construction company’s stock worth $2,309,000 after purchasing an additional 1,100 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Simpson Manufacturing by 288.2% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 858 shares of the construction company’s stock valued at $145,000 after purchasing an additional 637 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Simpson Manufacturing in the second quarter valued at approximately $4,045,000. Pacer Advisors Inc. increased its holdings in shares of Simpson Manufacturing by 43.2% in the second quarter. Pacer Advisors Inc. now owns 12,124 shares of the construction company’s stock valued at $2,043,000 after purchasing an additional 3,657 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Simpson Manufacturing by 9.2% during the 2nd quarter. Sei Investments Co. now owns 88,218 shares of the construction company’s stock worth $14,868,000 after acquiring an additional 7,468 shares during the period. Institutional investors own 93.68% of the company’s stock.

Insider Buying and Selling

In other news, EVP Roger Dankel sold 250 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the completion of the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.42% of the company’s stock.

Simpson Manufacturing Trading Down 0.1 %

Shares of NYSE SSD opened at $166.78 on Friday. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 22.03 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a twelve month low of $155.73 and a twelve month high of $218.38. The company’s fifty day moving average is $174.48 and its 200-day moving average is $179.86. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24.

Simpson Manufacturing (NYSE:SSD) last announced its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Simpson Manufacturing’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 earnings per share. Equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

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.