Simpson Manufacturing Co., Inc. (NYSE:SSD) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,662 shares of the construction company’s stock after acquiring an additional 527 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Simpson Manufacturing were worth $1,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Simpson Manufacturing by 36.1% during the 3rd quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock valued at $62,000 after buying an additional 110 shares during the last quarter. Cerity Partners LLC lifted its holdings in Simpson Manufacturing by 1.5% in the 4th quarter. Cerity Partners LLC now owns 7,662 shares of the construction company’s stock worth $1,517,000 after purchasing an additional 112 shares during the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Simpson Manufacturing by 19.7% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 801 shares of the construction company’s stock worth $120,000 after purchasing an additional 132 shares during the last quarter. Contravisory Investment Management Inc. bought a new position in Simpson Manufacturing in the 4th quarter worth approximately $29,000. Finally, Arizona State Retirement System increased its position in Simpson Manufacturing by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 12,149 shares of the construction company’s stock worth $1,820,000 after buying an additional 166 shares during the period. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Stock Performance

SSD opened at $169.56 on Thursday. The stock has a market cap of $7.20 billion, a PE ratio of 21.25 and a beta of 1.30. The company has a current ratio of 3.77, a quick ratio of 2.11 and a debt-to-equity ratio of 0.26. Simpson Manufacturing Co., Inc. has a 1 year low of $117.08 and a 1 year high of $218.38. The stock’s 50 day simple moving average is $196.61 and its 200-day simple moving average is $178.86.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $549.87 million. During the same quarter last year, the company earned $2.05 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Sell-side analysts forecast that Simpson Manufacturing Co., Inc. will post 8.74 EPS for the current year.

Analyst Upgrades and Downgrades

SSD has been the topic of several recent analyst reports. Robert W. Baird lifted their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Wednesday.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, Director Jennifer Chatman sold 934 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the sale, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the transaction, the executive vice president now owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now directly owns 14,638 shares in the company, valued at approximately $2,817,522.24. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock worth $770,924 over the last three months. Company insiders own 0.42% of the company’s stock.

About Simpson Manufacturing

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.