Pinebridge Investments L.P. Has $1.95 Million Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Pinebridge Investments L.P. increased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 42.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,743 shares of the construction company's stock after acquiring an additional 3,514 shares during the period. Pinebridge Investments L.P.'s holdings in Simpson Manufacturing were worth $1,947,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Park Place Capital Corp purchased a new stake in shares of Simpson Manufacturing in the fourth quarter worth approximately $29,000. World Investment Advisors LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter worth approximately $30,000. R Squared Ltd acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at $30,000. UMB Bank n.a. boosted its stake in shares of Simpson Manufacturing by 88.2% during the 4th quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock valued at $34,000 after buying an additional 97 shares during the period. Finally, V Square Quantitative Management LLC grew its holdings in shares of Simpson Manufacturing by 53.4% during the 4th quarter. V Square Quantitative Management LLC now owns 273 shares of the construction company's stock valued at $45,000 after acquiring an additional 95 shares in the last quarter. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Simpson Manufacturing Stock Up 1.9 %

SSD stock traded up $3.00 during trading hours on Friday, hitting $156.83. The company's stock had a trading volume of 134,803 shares, compared to its average volume of 272,539. The stock has a 50 day moving average price of $154.61 and a two-hundred day moving average price of $167.99. Simpson Manufacturing Co., Inc. has a 12 month low of $137.35 and a 12 month high of $197.82. The company has a market capitalization of $6.58 billion, a PE ratio of 20.63 and a beta of 1.33. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Robert W. Baird cut their price objective on Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th. DA Davidson cut their price target on Simpson Manufacturing from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th.

Insider Transactions 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 completion of the sale, the executive vice president now directly owns 8,810 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Simpson Manufacturing Company 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.