20,081 Shares in Simpson Manufacturing Company, Inc. $SSD Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 20,081 shares of the construction company’s stock, valued at approximately $3,363,000.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its position in Simpson Manufacturing by 51.3% during the first quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock valued at $798,000 after purchasing an additional 1,726 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Simpson Manufacturing by 11.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock valued at $427,000 after acquiring an additional 286 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Simpson Manufacturing in the first quarter worth $531,000. Goldman Sachs Group Inc. raised its holdings in shares of Simpson Manufacturing by 43.3% during the first quarter. Goldman Sachs Group Inc. now owns 212,164 shares of the construction company’s stock worth $33,327,000 after acquiring an additional 64,114 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Simpson Manufacturing by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,099 shares of the construction company’s stock valued at $19,022,000 after purchasing an additional 12,865 shares during the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

NYSE SSD opened at $182.33 on Tuesday. Simpson Manufacturing Company, Inc. has a 1 year low of $137.35 and a 1 year high of $197.82. The company has a current ratio of 3.35, a quick ratio of 1.88 and a debt-to-equity ratio of 0.17. The company has a market cap of $7.56 billion, a P/E ratio of 22.21 and a beta of 1.37. The company has a fifty day simple moving average of $170.77 and a 200 day simple moving average of $175.12.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, October 27th. The construction company reported $2.58 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.21. Simpson Manufacturing had a return on equity of 18.11% and a net margin of 14.90%.The business had revenue of $623.51 million during the quarter, compared to the consensus estimate of $607.79 million. During the same quarter in the prior year, the company posted $2.21 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. On average, sell-side analysts predict that Simpson Manufacturing Company, Inc. will post 8.29 EPS for the current year.

Insiders Place Their Bets

In other news, Director Philip E. Donaldson sold 2,375 shares of Simpson Manufacturing stock in a transaction on Friday, December 12th. The shares were sold at an average price of $168.16, for a total transaction of $399,380.00. Following the transaction, the director directly owned 6,086 shares of the company’s stock, valued at $1,023,421.76. This trade represents a 28.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.39% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird upped their target price on Simpson Manufacturing from $190.00 to $212.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Simpson Manufacturing in a report on Wednesday, January 21st. Finally, DA Davidson set a $190.00 target price on shares of Simpson Manufacturing in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $201.00.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its Simpson Strong-Tie® brand, is a leading global supplier of structural building products. The company specializes in the design, testing, manufacture and supply of connectors, anchors, fasteners and lateral systems that enhance the safety and performance of wood, concrete and masonry structures. Its product portfolio also includes repair and strengthening systems, concrete reinforcement and high-performance adhesives used in residential, commercial and industrial construction projects.

Founded in 1956 by Barclay Simpson in Oakland, California, Simpson Manufacturing has grown from a single product business into a diversified manufacturer with worldwide operations.