International Assets Investment Management LLC Boosts Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

International Assets Investment Management LLC grew its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 4,634.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,067 shares of the construction company’s stock after buying an additional 12,791 shares during the quarter. International Assets Investment Management LLC’s holdings in Simpson Manufacturing were worth $2,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Cim Investment Management Inc. boosted its holdings in Simpson Manufacturing by 3.6% in the first quarter. Cim Investment Management Inc. now owns 2,905 shares of the construction company’s stock worth $319,000 after purchasing an additional 100 shares during the last quarter. Zacks Investment Management raised its position in shares of Simpson Manufacturing by 0.7% during the 2nd quarter. Zacks Investment Management now owns 15,878 shares of the construction company’s stock valued at $2,199,000 after purchasing an additional 106 shares during the period. KB Financial Partners LLC grew its stake in Simpson Manufacturing by 1.5% during the second quarter. KB Financial Partners LLC now owns 7,494 shares of the construction company’s stock valued at $1,038,000 after acquiring an additional 108 shares in the last quarter. Signaturefd LLC grew its stake in Simpson Manufacturing by 36.1% during the third quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock valued at $62,000 after acquiring an additional 110 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in Simpson Manufacturing by 4.2% during the first quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock valued at $300,000 after acquiring an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Robert W. Baird lifted their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday. StockNews.com lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th.

Simpson Manufacturing Trading Up 1.8 %

NYSE:SSD opened at $182.03 on Friday. Simpson Manufacturing Co., Inc. has a one year low of $110.40 and a one year 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. The firm has a market cap of $7.73 billion, a P/E ratio of 22.04 and a beta of 1.30. The firm has a 50-day simple moving average of $197.72 and a 200-day simple moving average of $177.76.

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

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the transaction, the executive vice president now owns 28,764 shares in the company, valued at approximately $5,697,573.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $211.39, for a total value of $422,780.00. Following the sale, the executive vice president now owns 4,044 shares in the company, valued at $854,861.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the sale, the executive vice president now owns 28,764 shares in the company, valued at approximately $5,697,573.12. The disclosure for this sale can be found here. Insiders sold 4,634 shares of company stock valued at $927,460 over the last 90 days. Insiders own 0.42% of the company’s stock.

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.