Simpson Manufacturing Co., Inc. (NYSE:SSD) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,030 shares of the construction company's stock after selling 1,628 shares during the quarter. Voya Investment Management LLC's holdings in Simpson Manufacturing were worth $1,166,000 at the end of the most recent quarter.

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

Simpson Manufacturing Stock Performance

Shares of NYSE SSD opened at $154.72 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 3.21 and a debt-to-equity ratio of 0.20. The firm's 50-day moving average price is $154.33 and its two-hundred day moving average price is $167.57. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The stock has a market capitalization of $6.49 billion, a P/E ratio of 20.36 and a beta of 1.34.

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

Analysts Set New Price Targets

Several research analysts have recently commented on SSD shares. DA Davidson decreased their target price 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. Robert W. Baird decreased their price objective on shares of Simpson Manufacturing from $196.00 to $192.00 and set an "outperform" rating for the company in a report on Tuesday, February 11th.

Insider Activity

In other news, EVP Michael Andersen sold 1,000 shares of Simpson Manufacturing stock in a transaction that occurred 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 sale, the executive vice president now owns 8,810 shares of the company's stock, valued at approximately $1,497,523.80. The trade was a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.

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