Crossmark Global Holdings Inc. Sells 169 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Crossmark Global Holdings Inc. reduced its position in Simpson Manufacturing Co., Inc. (NYSE:SSD – Get Rating) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,349 shares of the construction company’s stock after selling 169 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Simpson Manufacturing were worth $498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in Simpson Manufacturing by 8.7% in the second quarter. Van ECK Associates Corp now owns 1,311 shares of the construction company’s stock worth $132,000 after purchasing an additional 105 shares during the period. Commonwealth Equity Services LLC lifted its position in Simpson Manufacturing by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 3,892 shares of the construction company’s stock worth $391,000 after purchasing an additional 108 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Simpson Manufacturing by 45.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 354 shares of the construction company’s stock worth $35,000 after purchasing an additional 110 shares during the period. HighTower Advisors LLC raised its stake in Simpson Manufacturing by 4.2% during the first quarter. HighTower Advisors LLC now owns 2,757 shares of the construction company’s stock worth $300,000 after acquiring an additional 111 shares in the last quarter. Finally, Summit Global Investments raised its stake in Simpson Manufacturing by 1.7% during the second quarter. Summit Global Investments now owns 7,121 shares of the construction company’s stock worth $716,000 after acquiring an additional 121 shares in the last quarter. 91.47% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Performance

Shares of NYSE:SSD opened at $99.42 on Monday. Simpson Manufacturing Co., Inc. has a twelve month low of $75.25 and a twelve month high of $124.48. The firm has a market cap of $4.24 billion, a PE ratio of 12.41 and a beta of 1.17. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.00 and a current ratio of 3.56. The business has a fifty day moving average of $93.12 and a 200-day moving average of $92.25.

Simpson Manufacturing (NYSE:SSD – Get Rating) last announced its earnings results on Monday, October 24th. The construction company reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.40. Simpson Manufacturing had a return on equity of 27.49% and a net margin of 16.81%. The company had revenue of $553.66 million during the quarter, compared to analyst estimates of $529.94 million. During the same period last year, the company posted $1.70 earnings per share. The firm’s quarterly revenue was up 39.6% compared to the same quarter last year. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 7.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. TheStreet lowered Simpson Manufacturing from a “b-” rating to a “c+” rating in a research note on Monday, October 31st. DA Davidson dropped their price objective on Simpson Manufacturing from $123.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, October 25th. Finally, StockNews.com upgraded Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, November 18th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Simpson Manufacturing presently has an average rating of “Moderate Buy” and an average price target of $129.00.

Insider Activity

In other news, CFO Brian J. Magstadt sold 2,500 shares of the firm’s stock in a transaction on Friday, January 13th. The stock was sold at an average price of $100.00, for a total value of $250,000.00. Following the completion of the sale, the chief financial officer now directly owns 17,547 shares in the company, valued at $1,754,700. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

About Simpson Manufacturing

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Simpson Manufacturing Co, Inc engages in the manufacture and marketing of building and construction solutions. It offers wood construction products, which include connectors, truss plates, fastening systems, and lateral systems primarily used to strengthen, support, and connect wood applications in residential and commercial construction, as well as do-it-yourself (DIY) projects, concrete construction products such as anchor, repair, and protection, and strengthening products for concrete, brick, and masonry applications in industrial, infrastructure, residential commercial, and DIY projects.