D.B. Root & Company LLC Grows Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

D.B. Root & Company LLC grew its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 15.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,904 shares of the construction company’s stock after buying an additional 1,032 shares during the period. D.B. Root & Company LLC’s holdings in Simpson Manufacturing were worth $1,311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of SSD. Park Place Capital Corp bought a new position in shares of Simpson Manufacturing in the fourth quarter worth $29,000. World Investment Advisors LLC purchased a new stake in Simpson Manufacturing during the 3rd quarter worth about $30,000. V Square Quantitative Management LLC bought a new position in Simpson Manufacturing in the 3rd quarter worth about $34,000. UMB Bank n.a. grew its holdings in Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock valued at $34,000 after buying an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in shares of Simpson Manufacturing during the third quarter valued at about $37,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the firm’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 value of $45,765.00. Following the transaction, the executive vice president now owns 23,814 shares of the company’s stock, valued at approximately $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.42% of the stock is owned by insiders.

Simpson Manufacturing Price Performance

SSD stock opened at $167.00 on Thursday. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 22.06 and a beta of 1.35. The firm’s 50-day moving average price is $174.80 and its two-hundred day moving average price is $179.95. 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 Co., Inc. has a 12-month low of $155.73 and a 12-month high of $218.38.

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

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.