Keybank National Association OH Invests $491,000 in Simpson Manufacturing Company, Inc. $SSD

Keybank National Association OH purchased a new position in shares of Simpson Manufacturing Company, Inc. (NYSE:SSD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,040 shares of the construction company’s stock, valued at approximately $491,000.

Several other institutional investors also recently modified their holdings of SSD. AQR Capital Management LLC increased its holdings in shares of Simpson Manufacturing by 51.3% during the first quarter. AQR Capital Management LLC now owns 5,093 shares of the construction company’s stock worth $798,000 after buying an additional 1,726 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Simpson Manufacturing by 11.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,720 shares of the construction company’s stock worth $427,000 after buying an additional 286 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Simpson Manufacturing during the first quarter worth $531,000. Goldman Sachs Group Inc. increased 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 buying an additional 64,114 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 worth $19,022,000 after buying an additional 12,865 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Performance

NYSE SSD opened at $186.89 on Tuesday. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 21.91 and a beta of 1.34. Simpson Manufacturing Company, Inc. has a twelve month low of $151.38 and a twelve month high of $211.98. The stock has a fifty day simple moving average of $180.16 and a 200 day simple moving average of $177.35. The company has a quick ratio of 2.02, a current ratio of 3.40 and a debt-to-equity ratio of 0.17.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Monday, April 27th. The construction company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.29. The business had revenue of $587.96 million during the quarter, compared to the consensus estimate of $550.08 million. Simpson Manufacturing had a return on equity of 17.72% and a net margin of 14.92%.Simpson Manufacturing’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.85 earnings per share. Sell-side analysts expect that Simpson Manufacturing Company, Inc. will post 9.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Simpson Manufacturing from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 2nd. Robert W. Baird upped their price target on shares of Simpson Manufacturing from $216.00 to $220.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Stephens increased their price objective on Simpson Manufacturing from $200.00 to $210.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. DA Davidson increased their price objective on Simpson Manufacturing from $200.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen downgraded Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $214.75.

Simpson Manufacturing 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.