Cerro Pacific Wealth Advisors LLC Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Cerro Pacific Wealth Advisors LLC bought a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,097 shares of the construction company’s stock, valued at approximately $182,000.

A number of other institutional investors have also recently bought and sold shares of SSD. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing during the 4th quarter worth $29,000. World Investment Advisors LLC acquired a new stake in Simpson Manufacturing during the third quarter worth about $30,000. V Square Quantitative Management LLC purchased a new position in shares of Simpson Manufacturing in the 3rd quarter worth about $34,000. UMB Bank n.a. lifted its stake in shares of Simpson Manufacturing by 88.2% in the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after purchasing an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Simpson Manufacturing during the 3rd quarter worth about $37,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Simpson Manufacturing Trading Down 0.1 %

NYSE SSD opened at $166.78 on Friday. The company’s fifty day simple moving average is $174.48 and its 200-day simple moving average is $179.86. The stock has a market cap of $7.03 billion, a P/E ratio of 22.03 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24.

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

Insider Activity at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the sale, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.

Simpson Manufacturing Company 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.