Inspire Investing LLC Has $446,000 Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Inspire Investing LLC lifted its holdings in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,692 shares of the construction company’s stock after buying an additional 255 shares during the period. Inspire Investing LLC’s holdings in Simpson Manufacturing were worth $446,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. D.B. Root & Company LLC lifted its stake in Simpson Manufacturing by 15.0% in the 4th quarter. D.B. Root & Company LLC now owns 7,904 shares of the construction company’s stock valued at $1,311,000 after purchasing an additional 1,032 shares during the last quarter. Riverbridge Partners LLC acquired a new stake in Simpson Manufacturing in the 4th quarter valued at about $58,414,000. Wesbanco Bank Inc. lifted its stake in Simpson Manufacturing by 12.9% in the 4th quarter. Wesbanco Bank Inc. now owns 4,994 shares of the construction company’s stock valued at $828,000 after purchasing an additional 570 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Simpson Manufacturing by 1,473.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company’s stock valued at $13,310,000 after purchasing an additional 75,162 shares during the last quarter. Finally, Park Place Capital Corp acquired a new stake in Simpson Manufacturing in the 4th quarter valued at about $29,000. 93.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their target price on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Simpson Manufacturing Stock Down 0.6 %

Simpson Manufacturing stock opened at $165.83 on Friday. The stock has a market cap of $6.99 billion, a P/E ratio of 21.91 and a beta of 1.35. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. Simpson Manufacturing Co., Inc. has a twelve month low of $155.73 and a twelve month high of $218.38. The company’s 50-day moving average price is $174.19 and its two-hundred day moving average price is $179.86.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.42% of the company’s stock.

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.