TD Asset Management Inc. cut its holdings in Simpson Manufacturing Co, Inc. (NYSE:SSD) by 13.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 215,149 shares of the construction company’s stock after selling 33,900 shares during the period. TD Asset Management Inc. owned about 0.48% of Simpson Manufacturing worth $14,299,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. William Blair Investment Management LLC boosted its holdings in shares of Simpson Manufacturing by 4.6% in the 1st quarter. William Blair Investment Management LLC now owns 272,827 shares of the construction company’s stock valued at $16,170,000 after buying an additional 12,007 shares during the period. Raymond James & Associates acquired a new position in shares of Simpson Manufacturing in the 1st quarter valued at about $1,627,000. WINTON GROUP Ltd boosted its holdings in shares of Simpson Manufacturing by 14.0% in the 2nd quarter. WINTON GROUP Ltd now owns 13,894 shares of the construction company’s stock valued at $923,000 after buying an additional 1,702 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Simpson Manufacturing in the 1st quarter valued at about $27,000. Finally, Norges Bank acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at about $26,408,000. 89.75% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Simpson Manufacturing from a “hold” rating to a “sell” rating in a report on Tuesday, July 30th. Sidoti lowered shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and decreased their price target for the company from $72.00 to $60.00 in a report on Tuesday, July 30th. Finally, ValuEngine raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Friday.
NYSE:SSD traded up $0.89 during mid-day trading on Friday, hitting $63.39. The stock had a trading volume of 155,500 shares, compared to its average volume of 321,563. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 4.57 and a beta of 1.42. The company has a 50 day simple moving average of $64.26 and a 200-day simple moving average of $62.61. Simpson Manufacturing Co, Inc. has a 52 week low of $49.54 and a 52 week high of $78.36.
Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings data 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 firm had revenue of $304.90 million during the quarter, compared to the consensus estimate of $323.71 million. Simpson Manufacturing had a net margin of 11.21% and a return on equity of 14.69%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. Equities research analysts anticipate that Simpson Manufacturing Co, Inc. will post 2.73 EPS for the current year.
Simpson Manufacturing 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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