Harvest Fund Management Co. Ltd Cuts Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Harvest Fund Management Co. Ltd lowered its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 55.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356 shares of the construction company’s stock after selling 445 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Simpson Manufacturing were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. 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 during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Simpson Manufacturing by 31.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 591,941 shares of the construction company’s stock valued at $88,679,000 after purchasing an additional 140,401 shares during the period. Burgundy Asset Management Ltd. boosted 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 valued at $85,057,000 after purchasing an additional 8,437 shares during the period. Invesco Ltd. raised 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 holdings in shares of Simpson Manufacturing by 0.3% during the third quarter. Rhumbline Advisers now owns 137,674 shares of the construction company’s stock valued at $20,625,000 after acquiring an additional 454 shares in the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Price Performance

Shares of NYSE:SSD opened at $170.80 on Friday. Simpson Manufacturing Co., Inc. has a 1-year low of $117.08 and a 1-year 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 2.11. The business has a fifty day moving average price of $196.11 and a 200-day moving average price of $178.81. The company has a market capitalization of $7.25 billion, a PE ratio of 21.40 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last issued its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.07). Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. During the same quarter in the previous year, the business earned $2.05 earnings per share. Simpson Manufacturing’s revenue was down .7% compared to the same quarter last year. As a group, equities analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SSD shares. Robert W. Baird upped their target price on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a report on Wednesday.

Insider Activity at Simpson Manufacturing

In related news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Phillip Burton sold 2,000 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the sale, the executive vice president now directly owns 4,044 shares of the company’s stock, valued at $854,861.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $192.48, for a total value of $179,776.32. Following the sale, the director now owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock valued at $770,924 over the last ninety days. 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.