Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP increased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,558 shares of the construction company's stock after acquiring an additional 6,174 shares during the period. First Trust Advisors LP owned approximately 0.21% of Simpson Manufacturing worth $14,354,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Simpson Manufacturing by 16.8% in the fourth quarter. GAMMA Investing LLC now owns 444 shares of the construction company's stock worth $74,000 after purchasing an additional 64 shares during the last quarter. CIBC Asset Management Inc boosted its position in Simpson Manufacturing by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company's stock valued at $216,000 after purchasing an additional 64 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in shares of Simpson Manufacturing by 2.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company's stock worth $447,000 after buying an additional 70 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Simpson Manufacturing by 1.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company's stock valued at $1,042,000 after purchasing an additional 88 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of Simpson Manufacturing by 53.4% in the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 93.68% of the company's stock.

Simpson Manufacturing Price Performance

SSD stock traded up $4.06 during trading on Friday, hitting $157.89. The stock had a trading volume of 17,525 shares, compared to its average volume of 272,114. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.21 and a quick ratio of 1.59. Simpson Manufacturing Co., Inc. has a twelve month low of $137.35 and a twelve month high of $197.82. The stock has a market capitalization of $6.63 billion, a P/E ratio of 20.80 and a beta of 1.33. The company's 50-day moving average price is $154.89 and its two-hundred day moving average price is $168.39.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Robert W. Baird lowered their price target on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a research report on Tuesday, February 11th. DA Davidson decreased their price objective on shares of Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th.

Insider Activity

In related news, EVP Michael Andersen sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.39% of the company's stock.

Simpson Manufacturing Profile

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.