Boosts Position in Simpson Manufacturing Company, Inc. (SSD)

Xavier Trudeau
Août 19, 2017

Wrapmanager Inc.'s holdings in Simpson Manufacturing were worth $232,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Meadow Creek Investment Management LLC raised its position in shares of Simpson Manufacturing by 2.3% in the first quarter.

As of the end of the quarter Dimensional Fund Advisors Lp had acquired 7,080 shares growing its stake by 0.4%. State of Alaska Department of Revenue increased its stake in Simpson Manufacturing by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the construction company's stock valued at $711,000 after buying an additional 300 shares in the last quarter. Elkfork Partners LLC boosted its stake in Simpson Manufacturing by 2.3% in the first quarter. Teachers Advisors LLC now owns 68,034 shares of the construction company's stock worth $2,976,000 after buying an additional 1,459 shares during the last quarter. State of Alaska Department of Revenue now owns 4,470 shares of the construction company's stock worth $192,000 after buying an additional 90 shares in the last quarter. Simpson Manufacturing Company, Inc. The company's 50-day moving average price is $43.80 and its 200 day moving average price is $42.72. 230,069 shares of the stock were exchanged. Ameritas Investment Partners Inc. purchased a new position in Simpson Manufacturing during the first quarter valued at $154,000.

The company's P/E ratio is 20.71 and the market cap of the company is 2.01B. (NYSE:SSD) news were published by: Seekingalpha.com which released: "Simpson Manufacturing's (SSD) CEO Karen Colonias on Q1 2017 Results - Earnings ..." on April 28, 2017, also Nasdaq.com with their article: "Simpson Manufacturing Breaks Above 200-Day Moving Average - Bullish for SSD" published on July 12, 2017, Prnewswire.com published: "Simpson Manufacturing Co., Inc".

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. Moreover, Hanson Mcclain has 0% invested in Simpson Manufacturing Co, Inc. The company had revenue of $263 million for the quarter, compared to the consensus estimate of $259.05 million. The firm's revenue for the quarter was up 14.3% on a year-over-year basis. In the last earnings report the EPS was $2.05 and is estimated to be $2.09 for the current year with 47,273,000 shares presently outstanding. The company announced a dividend which will be paid on Thursday the 26th of October 2017. Tiaa Cref Inv Mgmt Limited Liability Corp invested in 0% or 118,273 shares. The dividend yield will be $1.91.

10/28/2014 - Simpson Manufacturing Company, Inc. had its "market perform" rating reiterated by analysts at FBR Capital Markets.

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Trading volume for Simpson Manufacturing Company, was 270K in the last trading session.

Several analysts have issued reports on the stock. Zacks Investment Research cut shares of Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Wednesday, August 2nd. BidaskClub raised Simpson Manufacturing from a "hold" rating to a "buy" rating in a research report on Monday, June 19th. The shares were sold at an average price of $43.46, for a total transaction of $2,610,251.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Sharon H. Simpson sold 67,163 shares of the stock in a transaction dated Monday, June 19th. The disclosure for this sale can be found here.

In related news, insider Psb Fund Simpson sold 30,030 shares of the stock in a transaction dated Monday, June 26th.

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company's divisions are North America, Europe, Asia/Pacific, and Administrative & All Other.

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