Comerica Bank Has $19.86 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Comerica Bank trimmed its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 5.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 119,734 shares of the construction company's stock after selling 7,154 shares during the period. Comerica Bank owned approximately 0.28% of Simpson Manufacturing worth $19,856,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Simpson Manufacturing by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company's stock worth $697,294,000 after purchasing an additional 31,164 shares during the period. Geode Capital Management LLC lifted its position in shares of Simpson Manufacturing by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company's stock worth $117,804,000 after buying an additional 2,502 shares during the period. Northern Trust Corp boosted its stake in Simpson Manufacturing by 21.2% in the 4th quarter. Northern Trust Corp now owns 551,986 shares of the construction company's stock valued at $91,536,000 after buying an additional 96,559 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Simpson Manufacturing by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company's stock valued at $81,354,000 after acquiring an additional 3,467 shares during the period. Finally, Norges Bank acquired a new position in Simpson Manufacturing during the fourth quarter worth $73,758,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares in the company, valued at approximately $1,497,523.80. This represents a 10.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.42% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SSD has been the topic of several recent analyst reports. DA Davidson reduced their target price on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Robert W. Baird decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 11th.

Simpson Manufacturing Price Performance

Simpson Manufacturing stock traded down $0.92 on Tuesday, reaching $153.74. The company's stock had a trading volume of 99,255 shares, compared to its average volume of 271,438. The business's fifty day moving average price is $154.33 and its 200 day moving average price is $167.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 20.23 and a beta of 1.34. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.14. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.77 EPS. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.29 earnings per share for the current fiscal year.

About Simpson Manufacturing

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