The Manufacturers Life Insurance Company Acquires 62,918 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

The Manufacturers Life Insurance Company raised its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 28.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,887 shares of the construction company's stock after buying an additional 62,918 shares during the period. The Manufacturers Life Insurance Company owned about 0.68% of Simpson Manufacturing worth $47,409,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SSD. New York Life Investment Management LLC bought a new position in shares of Simpson Manufacturing during the 4th quarter valued at $738,000. Diversified Trust Co acquired a new position in Simpson Manufacturing during the fourth quarter valued at approximately $591,000. Van ECK Associates Corp raised its position in shares of Simpson Manufacturing by 29.3% in the fourth quarter. Van ECK Associates Corp now owns 36,052 shares of the construction company's stock valued at $5,979,000 after purchasing an additional 8,170 shares during the period. Financial Advocates Investment Management acquired a new stake in shares of Simpson Manufacturing in the fourth quarter worth $401,000. Finally, KBC Group NV boosted its holdings in Simpson Manufacturing by 54.7% during the fourth quarter. KBC Group NV now owns 1,866 shares of the construction company's stock valued at $309,000 after acquiring an additional 660 shares during the period. 93.68% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SSD has been the topic of several research analyst reports. Robert W. Baird decreased their price target on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 11th. DA Davidson reduced their price objective on 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 at Simpson Manufacturing

In related news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction on Tuesday, February 25th. The stock was 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 of the company's stock, valued at $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.42% of the stock is owned by company insiders.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD traded down $0.56 during midday trading on Tuesday, reaching $154.11. The company's stock had a trading volume of 26,074 shares, compared to its average volume of 271,086. The business's fifty day simple moving average is $154.33 and its 200-day simple moving average is $167.57. 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 fifty-two week low of $137.35 and a fifty-two week high of $197.82. The company has a market capitalization of $6.47 billion, a P/E ratio of 20.28 and a beta of 1.34.

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

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.