Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Acquired by Wesbanco Bank Inc.

Wesbanco Bank Inc. increased its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.9% during the 4th quarter, HoldingsChannel reports. The fund owned 4,994 shares of the construction company’s stock after acquiring an additional 570 shares during the quarter. Wesbanco Bank Inc.’s holdings in Simpson Manufacturing were worth $828,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SSD. Park Place Capital Corp acquired a new position in Simpson Manufacturing in the 4th quarter valued at about $29,000. World Investment Advisors LLC acquired a new position in Simpson Manufacturing in the third quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new position in Simpson Manufacturing in the third quarter worth approximately $34,000. UMB Bank n.a. increased its stake in Simpson Manufacturing by 88.2% during the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after acquiring an additional 97 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in Simpson Manufacturing in the third quarter valued at $37,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction of $45,765.00. Following the sale, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.42% of the company’s stock.

Simpson Manufacturing Stock Performance

Shares of SSD stock opened at $166.78 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm has a market cap of $7.03 billion, a P/E ratio of 22.03 and a beta of 1.35. The firm’s 50 day moving average price is $174.48 and its 200-day moving average price is $179.86. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The firm had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $2.43 earnings per share. As a group, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current year.

Analyst Ratings Changes

Separately, Robert W. Baird increased their price target on Simpson Manufacturing from $202.00 to $218.00 and gave the stock an “outperform” rating in a report on Monday, October 21st.

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.