Janney Montgomery Scott LLC Increases Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Janney Montgomery Scott LLC lifted its position in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) by 1,473.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,262 shares of the construction company's stock after acquiring an additional 75,162 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.19% of Simpson Manufacturing worth $13,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Champlain Investment Partners LLC bought a new stake in shares of Simpson Manufacturing during the third quarter worth about $16,060,000. Diversified Trust Co bought a new stake in Simpson Manufacturing during the 4th quarter worth approximately $591,000. US Bancorp DE raised its stake in shares of Simpson Manufacturing by 9.1% during the third quarter. US Bancorp DE now owns 4,213 shares of the construction company's stock valued at $806,000 after acquiring an additional 352 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Simpson Manufacturing by 8,883.3% during the third quarter. International Assets Investment Management LLC now owns 5,929 shares of the construction company's stock worth $1,134,000 after purchasing an additional 5,863 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Simpson Manufacturing by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 487,118 shares of the construction company's stock worth $93,171,000 after purchasing an additional 6,585 shares during the period. Institutional investors own 93.68% of the company's stock.

Insider Activity

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

Simpson Manufacturing Stock Up 1.2 %

SSD stock traded up $1.96 during midday trading on Monday, reaching $167.96. 346,960 shares of the company's stock traded hands, compared to its average volume of 245,334. The company has a quick ratio of 1.99, a current ratio of 3.53 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 22.19 and a beta of 1.35. The firm's fifty day moving average price is $174.19 and its 200-day moving average price is $180.05. Simpson Manufacturing Co., Inc. has a 52 week low of $155.73 and a 52 week high of $218.38.

Wall Street Analysts Forecast Growth

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

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.