Simpson Manufacturing Company, Inc. $SSD Position Lifted by Cooke & Bieler LP

Cooke & Bieler LP grew its position in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,794 shares of the construction company’s stock after purchasing an additional 7,295 shares during the quarter. Cooke & Bieler LP’s holdings in Simpson Manufacturing were worth $12,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. increased its stake in Simpson Manufacturing by 174.0% during the third quarter. Crossmark Global Holdings Inc. now owns 19,811 shares of the construction company’s stock worth $3,385,000 after acquiring an additional 12,581 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Simpson Manufacturing by 144.4% during the third quarter. Nisa Investment Advisors LLC now owns 1,508 shares of the construction company’s stock worth $258,000 after buying an additional 891 shares during the period. IFP Advisors Inc lifted its position in shares of Simpson Manufacturing by 23.2% during the third quarter. IFP Advisors Inc now owns 1,021 shares of the construction company’s stock valued at $174,000 after buying an additional 192 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in shares of Simpson Manufacturing in the 3rd quarter worth $473,000. Finally, Krilogy Financial LLC boosted its stake in Simpson Manufacturing by 10.7% in the 3rd quarter. Krilogy Financial LLC now owns 1,426 shares of the construction company’s stock worth $243,000 after purchasing an additional 138 shares in the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Simpson Manufacturing Stock Down 0.2%

Shares of NYSE:SSD opened at $180.19 on Thursday. Simpson Manufacturing Company, Inc. has a 12-month low of $156.32 and a 12-month high of $213.49. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 19.69 and a beta of 1.32. The business has a 50-day moving average price of $178.28 and a 200 day moving average price of $185.33. The company has a current ratio of 3.29, a quick ratio of 2.14 and a debt-to-equity ratio of 0.15.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, July 27th. The construction company reported $3.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.37. Simpson Manufacturing had a net margin of 15.65% and a return on equity of 18.45%. The business had revenue of $671.08 million for the quarter, compared to the consensus estimate of $658.76 million. During the same period in the previous year, the firm earned $2.47 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts expect that Simpson Manufacturing Company, Inc. will post 9.30 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Michael Olosky sold 3,502 shares of Simpson Manufacturing stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $172.84, for a total value of $605,285.68. Following the completion of the sale, the chief executive officer owned 51,398 shares in the company, valued at approximately $8,883,630.32. This trade represents a 6.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Stifel Nicolaus increased their price target on shares of Simpson Manufacturing from $217.00 to $218.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Stephens lifted their price target on Simpson Manufacturing from $210.00 to $215.00 and gave the company a “cautious” rating in a research note on Tuesday, July 28th. UBS Group reaffirmed a “neutral” rating on shares of Simpson Manufacturing in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of Simpson Manufacturing from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Simpson Manufacturing presently has a consensus rating of “Hold” and an average price target of $216.25.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc develops, manufactures and sells structural solutions for residential, commercial and industrial construction. Its products are designed to connect and reinforce wood, concrete and other building materials, supporting applications ranging from new construction to repair, remodeling and retrofit projects.

The company is best known for its Simpson Strong-Tie brand, which offers structural connectors, fasteners, anchors, specialty products, adhesives and related installation systems.