Amalgamated Bank reduced its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD – Free Report) by 5.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,531 shares of the construction company’s stock after selling 1,614 shares during the quarter. Amalgamated Bank owned about 0.07% of Simpson Manufacturing worth $3,128,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in shares of Simpson Manufacturing by 246.2% in the fourth quarter. Morgan Stanley now owns 517,900 shares of the construction company’s stock valued at $45,917,000 after purchasing an additional 368,325 shares in the last quarter. Norges Bank acquired a new position in shares of Simpson Manufacturing in the fourth quarter worth $29,418,000. Capital International Investors increased its stake in shares of Simpson Manufacturing by 9.5% in the first quarter. Capital International Investors now owns 2,083,514 shares of the construction company’s stock worth $227,186,000 after acquiring an additional 180,856 shares during the last quarter. Millennium Management LLC increased its stake in shares of Simpson Manufacturing by 631.6% in the second quarter. Millennium Management LLC now owns 201,345 shares of the construction company’s stock worth $20,257,000 after acquiring an additional 173,823 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Simpson Manufacturing by 20.2% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 826,241 shares of the construction company’s stock worth $73,255,000 after acquiring an additional 138,916 shares during the last quarter. 89.95% of the stock is owned by institutional investors.
Insider Activity at Simpson Manufacturing
In related news, EVP Michael Andersen sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $122.94, for a total value of $491,760.00. Following the completion of the transaction, the executive vice president now owns 7,573 shares of the company’s stock, valued at approximately $931,024.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Simpson Manufacturing news, EVP Michael Andersen sold 4,000 shares of Simpson Manufacturing stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $122.94, for a total value of $491,760.00. Following the sale, the executive vice president now owns 7,573 shares of the company’s stock, valued at $931,024.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin Lee Swartzendruber sold 6,783 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $130.45, for a total transaction of $884,842.35. Following the completion of the transaction, the vice president now directly owns 5,539 shares of the company’s stock, valued at approximately $722,562.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,783 shares of company stock worth $1,635,222. Insiders own 0.65% of the company’s stock.
Wall Street Analyst Weigh In
Simpson Manufacturing Price Performance
SSD opened at $161.36 on Friday. The company has a fifty day moving average price of $132.93 and a two-hundred day moving average price of $117.57. The firm has a market capitalization of $6.89 billion, a PE ratio of 20.27 and a beta of 1.25. Simpson Manufacturing Co., Inc. has a 52 week low of $75.25 and a 52 week high of $166.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.95 and a current ratio of 3.45.
Simpson Manufacturing (NYSE:SSD – Get Free Report) last posted its quarterly earnings data on Monday, July 24th. The construction company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.13 by $0.37. Simpson Manufacturing had a net margin of 15.78% and a return on equity of 23.45%. The business had revenue of $597.60 million for the quarter, compared to analysts’ expectations of $553.23 million. During the same period in the previous year, the firm posted $2.16 EPS. The firm’s revenue was up .7% compared to the same quarter last year. As a group, analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.22 earnings per share for the current year.
About Simpson Manufacturing
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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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