Simpson Manufacturing Co. (NYSE:SSD) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.65 and last traded at $41.30, with a volume of 15,425 shares trading hands. The stock had previously closed at $41.39.

Separately, Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, April 26th.

The company has a market cap of $2.01 billion and a price-to-earnings ratio of 27.32. The stock’s 50-day moving average price is $39.85 and its 200 day moving average price is $36.89.

In other news, insider Psb Fund Simpson sold 2,420 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $38.16, for a total transaction of $92,347.20. Following the completion of the sale, the insider now owns 1,625,850 shares in the company, valued at approximately $62,042,436. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Sharon H. Simpson sold 48,083 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $38.07, for a total transaction of $1,830,519.81. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the company. Whittier Trust Co. increased its stake in shares of Simpson Manufacturing by 1.1% in the fourth quarter. Whittier Trust Co. now owns 32,060 shares of the company’s stock valued at $1,095,000 after buying an additional 334 shares in the last quarter. Morgan Stanley increased its stake in shares of Simpson Manufacturing by 104.3% in the fourth quarter. Morgan Stanley now owns 37,225 shares of the company’s stock valued at $1,271,000 after buying an additional 19,005 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Simpson Manufacturing by 11.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 37,761 shares of the company’s stock valued at $1,290,000 after buying an additional 3,813 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Simpson Manufacturing by 4.3% in the fourth quarter. Rhumbline Advisers now owns 67,777 shares of the company’s stock valued at $2,315,000 after buying an additional 2,780 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in shares of Simpson Manufacturing by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 78,094 shares of the company’s stock valued at $2,667,000 after buying an additional 1,276 shares in the last quarter.

Simpson Manufacturing Co, Inc through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and lateral systems used in light-frame construction. The Company also offers concrete construction products used for concrete, masonry, steel and for concrete repair, protection and strengthening, including adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools and fiber reinforced materials.

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