Marshall Financial Group LLC Makes New $903,000 Investment in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Marshall Financial Group LLC purchased a new position in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,446 shares of the construction company's stock, valued at approximately $903,000.

Other hedge funds have also added to or reduced their stakes in the company. Park Place Capital Corp purchased a new position in Simpson Manufacturing during the 4th quarter valued at $29,000. World Investment Advisors LLC bought a new stake in shares of Simpson Manufacturing during the third quarter valued at approximately $30,000. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing in the third quarter worth $34,000. UMB Bank n.a. raised its holdings in Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company's stock worth $34,000 after purchasing an additional 97 shares in the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in Simpson Manufacturing during the third quarter valued at $37,000. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Stock Down 0.6 %

Shares of NYSE SSD traded down $0.94 during trading on Friday, reaching $165.83. The company had a trading volume of 207,014 shares, compared to its average volume of 183,530. The business's 50-day moving average is $174.19 and its 200 day moving average is $179.96. Simpson Manufacturing Co., Inc. has a 12-month low of $155.73 and a 12-month high of $218.38. 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 stock has a market cap of $6.99 billion, a PE ratio of 21.91 and a beta of 1.35.

Insider Buying and Selling at Simpson Manufacturing

In other news, EVP Roger Dankel sold 250 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total transaction 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. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.42% of the company's stock.

Analyst Ratings Changes

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

Simpson Manufacturing Company Profile

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.