Wrapmanager Inc. increased its stake in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,746 shares of the construction company’s stock after buying an additional 320 shares during the quarter. Wrapmanager Inc.’s holdings in Simpson Manufacturing were worth $382,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. D.B. Root & Company LLC increased its holdings in Simpson Manufacturing by 3.0% during the 2nd quarter. D.B. Root & Company LLC now owns 6,874 shares of the construction company’s stock valued at $456,000 after purchasing an additional 200 shares in the last quarter. ETF Managers Group LLC increased its holdings in Simpson Manufacturing by 8.7% during the 1st quarter. ETF Managers Group LLC now owns 2,504 shares of the construction company’s stock valued at $148,000 after purchasing an additional 201 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Simpson Manufacturing by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,022 shares of the construction company’s stock valued at $950,000 after purchasing an additional 289 shares in the last quarter. Texas Permanent School Fund increased its holdings in Simpson Manufacturing by 1.2% during the 1st quarter. Texas Permanent School Fund now owns 27,403 shares of the construction company’s stock valued at $1,624,000 after purchasing an additional 330 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. increased its stake in shares of Simpson Manufacturing by 3.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 10,233 shares of the construction company’s stock valued at $607,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 89.75% of the company’s stock.

Several research firms have recently commented on SSD. Zacks Investment Research cut Simpson Manufacturing from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Sidoti cut Simpson Manufacturing from a “buy” rating to a “neutral” rating and lowered their target price for the company from $72.00 to $60.00 in a research note on Tuesday, July 30th.

In other news, Director Greenway Robin Macgillivray sold 1,475 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $61.56, for a total value of $90,801.00. Following the sale, the director now directly owns 12,470 shares in the company, valued at $767,653.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.56% of the company’s stock.

Shares of NYSE:SSD traded down $1.18 during midday trading on Wednesday, hitting $61.88. The company had a trading volume of 6,173 shares, compared to its average volume of 233,199. Simpson Manufacturing Co, Inc. has a 12 month low of $49.54 and a 12 month high of $78.36. The company has a market cap of $2.79 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 4.63 and a beta of 1.42. The business has a fifty day moving average of $64.42.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, July 29th. The construction company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.14). The business had revenue of $304.90 million for the quarter, compared to the consensus estimate of $323.71 million. Simpson Manufacturing had a return on equity of 14.69% and a net margin of 11.21%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, analysts expect that Simpson Manufacturing Co, Inc. will post 2.73 earnings per share for the current year.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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