Nisa Investment Advisors LLC Has $221,000 Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Nisa Investment Advisors LLC cut its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 26.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,114 shares of the construction company’s stock after selling 400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Simpson Manufacturing were worth $221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SSD. 1832 Asset Management L.P. acquired a new stake in Simpson Manufacturing in the 1st quarter worth $27,000. Contravisory Investment Management Inc. acquired a new stake in Simpson Manufacturing in the 4th quarter worth $29,000. Quantbot Technologies LP acquired a new stake in Simpson Manufacturing in the 1st quarter worth $30,000. Arlington Trust Co LLC acquired a new stake in Simpson Manufacturing in the 3rd quarter worth $31,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Simpson Manufacturing in the 4th quarter worth $54,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the transaction, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the transaction, the executive vice president now directly owns 27,330 shares of the company’s stock, valued at approximately $5,033,092.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the transaction, the director now directly owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock valued at $927,460 in the last ninety days. Insiders own 0.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SSD. 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. StockNews.com downgraded shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Simpson Manufacturing Price Performance

NYSE:SSD opened at $184.37 on Friday. The company has a 50-day moving average of $197.56 and a 200-day moving average of $178.01. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 22.32 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a 52 week low of $111.29 and a 52 week high of $218.38. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.11 and a current ratio of 3.63.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, February 5th. The construction company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.25). The business had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. Simpson Manufacturing had a return on equity of 22.06% and a net margin of 15.99%. Simpson Manufacturing’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.35 earnings per share. As a group, equities research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current fiscal year.

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.