Jennison Associates LLC Purchases Shares of 4,933 Simpson Manufacturing Co., Inc. (NYSE:SSD)

Jennison Associates LLC purchased a new stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,933 shares of the construction company’s stock, valued at approximately $977,000.

Other large investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new position in Simpson Manufacturing during the fourth quarter valued at approximately $29,000. Arlington Trust Co LLC bought a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $31,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Simpson Manufacturing during the fourth quarter valued at approximately $54,000. Signaturefd LLC raised its position in shares of Simpson Manufacturing by 36.1% during the third quarter. Signaturefd LLC now owns 415 shares of the construction company’s stock valued at $62,000 after buying an additional 110 shares during the last quarter. Finally, Byrne Asset Management LLC bought a new stake in shares of Simpson Manufacturing during the fourth quarter valued at approximately $121,000. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Simpson Manufacturing Trading Up 1.6 %

Shares of SSD opened at $173.61 on Friday. The company’s fifty day moving average is $195.70 and its 200 day moving average is $179.30. Simpson Manufacturing Co., Inc. has a fifty-two week low of $117.08 and a fifty-two week high of $218.38. The stock has a market capitalization of $7.37 billion, a PE ratio of 21.76 and a beta of 1.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.11 and a current ratio of 3.77.

Simpson Manufacturing (NYSE:SSD) last announced 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 return on equity of 20.51% and a net margin of 15.45%. The business had revenue of $530.58 million during the quarter, compared to the consensus estimate of $549.87 million. During the same quarter in the prior year, the firm posted $2.05 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Sell-side analysts expect that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SSD shares. StockNews.com upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird lifted their price objective on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research report on Thursday, April 18th.

Insider Buying and Selling

In related news, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction on 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 in the company, valued at $2,817,522.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Simpson Manufacturing news, EVP Roger Dankel sold 850 shares of Simpson Manufacturing stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the transaction, the executive vice president now directly owns 28,764 shares of the company’s stock, valued at $5,697,573.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jennifer Chatman sold 934 shares of Simpson Manufacturing stock in a transaction on Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the transaction, the director now directly owns 14,638 shares of the company’s stock, valued at $2,817,522.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,784 shares of company stock worth $770,924. 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.