LRT Capital Management LLC Trims Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

LRT Capital Management LLC reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 55.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,115 shares of the construction company's stock after selling 15,315 shares during the quarter. Simpson Manufacturing makes up 2.3% of LRT Capital Management LLC's investment portfolio, making the stock its 9th largest holding. LRT Capital Management LLC's holdings in Simpson Manufacturing were worth $2,399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SSD. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Simpson Manufacturing by 2.6% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,619,073 shares of the construction company's stock valued at $506,435,000 after purchasing an additional 118,070 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Simpson Manufacturing by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 4,191,973 shares of the construction company's stock valued at $457,093,000 after purchasing an additional 27,350 shares during the last quarter. Capital International Investors increased its position in shares of Simpson Manufacturing by 9.5% during the 1st quarter. Capital International Investors now owns 2,083,514 shares of the construction company's stock valued at $227,186,000 after purchasing an additional 180,856 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Simpson Manufacturing by 3.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,857,419 shares of the construction company's stock valued at $203,647,000 after purchasing an additional 59,800 shares during the last quarter. Finally, State Street Corp increased its position in shares of Simpson Manufacturing by 0.8% during the 2nd quarter. State Street Corp now owns 1,409,122 shares of the construction company's stock valued at $195,163,000 after purchasing an additional 11,773 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the firm's stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $184.16, for a total value of $156,536.00. Following the completion of the transaction, the executive vice president now owns 27,330 shares in the company, valued at approximately $5,033,092.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Jennifer Chatman sold 934 shares of the business's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction 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 can be accessed through the SEC website. Also, EVP Roger Dankel sold 850 shares of the firm's 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 directly owns 27,330 shares in the company, valued at $5,033,092.80. The disclosure for this sale can be found here. Insiders sold a total of 4,634 shares of company stock worth $927,460 in the last quarter. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Stock Performance

Shares of SSD stock traded up $2.33 on Friday, hitting $184.38. 386,314 shares of the stock were exchanged, compared to its average volume of 210,366. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $7.83 billion, a PE ratio of 22.32 and a beta of 1.30. Simpson Manufacturing Co., Inc. has a one year low of $111.29 and a one year high of $218.38. The firm's 50 day moving average is $197.56 and its two-hundred day moving average is $178.45.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Simpson Manufacturing from $205.00 to $215.00 and gave the stock an "outperform" rating in a research note on Thursday. StockNews.com downgraded Simpson Manufacturing from a "buy" rating to a "hold" rating in a research note on Wednesday, March 27th.

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.