California Public Employees Retirement System Trims Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

California Public Employees Retirement System reduced its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,996 shares of the construction company's stock after selling 4,475 shares during the period. California Public Employees Retirement System owned 0.22% of Simpson Manufacturing worth $19,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC boosted its stake in shares of Simpson Manufacturing by 48.6% during the third quarter. FMR LLC now owns 1,051,150 shares of the construction company's stock valued at $157,473,000 after purchasing an additional 343,986 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Simpson Manufacturing by 31.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company's stock worth $88,679,000 after acquiring an additional 140,401 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Simpson Manufacturing by 1.5% during the third quarter. Burgundy Asset Management Ltd. now owns 567,768 shares of the construction company's stock worth $85,057,000 after acquiring an additional 8,437 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Simpson Manufacturing by 309.3% during the third quarter. Invesco Ltd. now owns 482,881 shares of the construction company's stock valued at $72,340,000 after acquiring an additional 364,910 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Simpson Manufacturing by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 137,674 shares of the construction company's stock valued at $20,625,000 after purchasing an additional 454 shares during the last quarter. 93.68% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an "outperform" rating in a research note on Thursday, April 18th. StockNews.com raised Simpson Manufacturing from a "hold" rating to a "buy" rating in a research report on Wednesday, April 24th.

Simpson Manufacturing Stock Performance

NYSE:SSD traded down $1.77 during midday trading on Tuesday, hitting $173.89. The company's stock had a trading volume of 439,287 shares, compared to its average volume of 262,443. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.77 and a quick ratio of 2.19. The firm has a market cap of $7.39 billion, a P/E ratio of 21.79 and a beta of 1.30. The firm's 50 day moving average is $195.34 and its 200-day moving average is $179.84.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.07). The business had revenue of $530.58 million during the quarter, compared to analyst estimates of $549.87 million. Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 EPS. Equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

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 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 approximately $2,817,522.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of the company's stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total value of $168,368.00. Following the sale, the executive vice president now owns 28,764 shares in the company, valued at approximately $5,697,573.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $192.48, for a total transaction of $179,776.32. Following the transaction, the director now directly owns 14,638 shares of the company's stock, valued at $2,817,522.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,784 shares of company stock valued at $770,924. Company insiders own 0.42% 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.