Cerro Pacific Wealth Advisors LLC Makes New $182,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Cerro Pacific Wealth Advisors LLC purchased a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 1,097 shares of the construction company’s stock, valued at approximately $182,000.

A number of other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its stake in Simpson Manufacturing by 8.7% during the second quarter. Renaissance Technologies LLC now owns 13,700 shares of the construction company’s stock valued at $2,309,000 after purchasing an additional 1,100 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Simpson Manufacturing by 288.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 858 shares of the construction company’s stock valued at $145,000 after buying an additional 637 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Simpson Manufacturing during the second quarter worth about $4,045,000. Pacer Advisors Inc. lifted its holdings in Simpson Manufacturing by 43.2% in the second quarter. Pacer Advisors Inc. now owns 12,124 shares of the construction company’s stock worth $2,043,000 after acquiring an additional 3,657 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in Simpson Manufacturing by 9.2% in the second quarter. Sei Investments Co. now owns 88,218 shares of the construction company’s stock valued at $14,868,000 after acquiring an additional 7,468 shares during the period. 93.68% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Simpson Manufacturing Stock Performance

Shares of SSD opened at $166.78 on Friday. The firm has a fifty day moving average of $174.48 and a 200-day moving average of $179.86. The company has a market cap of $7.03 billion, a price-to-earnings ratio of 22.03 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. Simpson Manufacturing Co., Inc. has a 1 year low of $155.73 and a 1 year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The firm had revenue of $587.15 million for the quarter, compared to analyst estimates of $589.00 million. During the same period in the previous year, the firm earned $2.43 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current year.

Insider Transactions at Simpson Manufacturing

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

About Simpson Manufacturing

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.