Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC increased its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4,634.4% 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 13,067 shares of the construction company's stock after acquiring an additional 12,791 shares during the period. International Assets Investment Management LLC's holdings in Simpson Manufacturing were worth $2,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in Simpson Manufacturing by 103.3% in the fourth quarter. Pacer Advisors Inc. now owns 10,145 shares of the construction company's stock worth $2,009,000 after acquiring an additional 5,154 shares in the last quarter. Stansberry Asset Management LLC grew its position in Simpson Manufacturing by 19.5% in the third quarter. Stansberry Asset Management LLC now owns 27,128 shares of the construction company's stock worth $4,064,000 after acquiring an additional 4,422 shares in the last quarter. Planned Solutions Inc. purchased a new position in Simpson Manufacturing in the fourth quarter worth about $191,000. Trexquant Investment LP purchased a new position in Simpson Manufacturing in the third quarter worth about $1,767,000. Finally, Invesco Ltd. grew its position in Simpson Manufacturing by 309.3% in the third quarter. Invesco Ltd. now owns 482,881 shares of the construction company's stock worth $72,340,000 after acquiring an additional 364,910 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SSD shares. Robert W. Baird boosted their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the company an "outperform" rating in a research report on Thursday. StockNews.com lowered Simpson Manufacturing from a "buy" rating to a "hold" rating in a research report on Wednesday, March 27th.

Insider Activity

In other news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the sale, the executive vice president now owns 27,330 shares of the company's stock, valued at $5,033,092.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Jennifer Chatman sold 934 shares of the business's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now owns 14,638 shares of the company's stock, valued at $2,817,522.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Roger Dankel sold 850 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $184.16, for a total transaction of $156,536.00. Following the completion of the transaction, the executive vice president now directly owns 27,330 shares of the company's stock, valued at approximately $5,033,092.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,634 shares of company stock valued at $927,460. Corporate insiders own 0.42% of the company's stock.

Simpson Manufacturing Trading Up 1.3 %

Shares of NYSE:SSD traded up $2.32 during trading hours on Friday, hitting $184.37. 386,257 shares of the company's stock traded hands, compared to its average volume of 226,599. Simpson Manufacturing Co., Inc. has a 1 year low of $111.29 and a 1 year high of $218.38. The business has a fifty day moving average price of $197.56 and a 200-day moving average price of $178.01. The firm has a market capitalization of $7.83 billion, a P/E ratio of 22.32 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.63 and a quick ratio of 2.11.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The construction company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.25). Simpson Manufacturing had a net margin of 15.99% and a return on equity of 22.06%. The company had revenue of $501.70 million for the quarter, compared to the consensus estimate of $482.98 million. During the same period in the prior year, the firm posted $1.35 EPS. The business's revenue was up 5.5% on a year-over-year basis. Equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.74 earnings per share for the current 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.