Anchor Capital Advisors LLC Increases Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Anchor Capital Advisors LLC raised its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,598 shares of the construction company’s stock after purchasing an additional 830 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Simpson Manufacturing were worth $1,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSD. FMR LLC raised its holdings in Simpson Manufacturing by 48.6% in the 3rd quarter. FMR LLC now owns 1,051,150 shares of the construction company’s stock worth $157,473,000 after purchasing an additional 343,986 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Simpson Manufacturing by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company’s stock worth $88,679,000 after buying an additional 140,401 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Simpson Manufacturing by 1.5% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 567,768 shares of the construction company’s stock valued at $85,057,000 after acquiring an additional 8,437 shares during the last quarter. Invesco Ltd. grew its stake in shares of Simpson Manufacturing by 309.3% in the 3rd quarter. Invesco Ltd. now owns 482,881 shares of the construction company’s stock valued at $72,340,000 after buying an additional 364,910 shares during the period. Finally, Rhumbline Advisers increased its stake in Simpson Manufacturing by 0.3% during the third quarter. Rhumbline Advisers now owns 137,674 shares of the construction company’s stock worth $20,625,000 after acquiring an additional 454 shares during the last quarter. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Down 0.1 %

SSD stock traded down $0.14 during midday trading on Tuesday, hitting $175.52. The company’s stock had a trading volume of 52,989 shares, compared to its average volume of 257,722. The firm has a 50-day simple moving average of $195.34 and a 200-day simple moving average of $179.84. The firm has a market capitalization of $7.45 billion, a P/E ratio of 22.01 and a beta of 1.30. The company has a quick ratio of 2.19, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. Simpson Manufacturing Co., Inc. has a 52-week low of $117.08 and a 52-week high of $218.38.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings data 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). Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. During the same quarter in the previous year, the business posted $2.05 earnings per share. The firm’s revenue was down .7% on a year-over-year basis. As a group, equities analysts forecast that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current year.

Insider Activity

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 14,638 shares in the company, valued at approximately $2,817,522.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the sale, the executive vice president now owns 4,044 shares in the company, valued at approximately $854,861.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer Chatman sold 934 shares of the company’s 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 transaction, the director now owns 14,638 shares of the company’s stock, valued at approximately $2,817,522.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,784 shares of company stock worth $770,924. 0.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SSD has been the topic of several research analyst reports. StockNews.com upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday, April 24th. Robert W. Baird increased their price objective 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 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.