Riverbridge Partners LLC Takes Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Riverbridge Partners LLC bought a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 352,250 shares of the construction company's stock, valued at approximately $58,414,000. Riverbridge Partners LLC owned about 0.84% of Simpson Manufacturing at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wesbanco Bank Inc. grew its stake in shares of Simpson Manufacturing by 12.9% during the fourth quarter. Wesbanco Bank Inc. now owns 4,994 shares of the construction company's stock worth $828,000 after acquiring an additional 570 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Simpson Manufacturing by 1,473.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company's stock worth $13,310,000 after purchasing an additional 75,162 shares during the period. Park Place Capital Corp acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $29,000. Genesis Private Wealth LLC acquired a new stake in shares of Simpson Manufacturing during the fourth quarter worth about $241,000. Finally, UMB Bank n.a. lifted its holdings in shares of Simpson Manufacturing by 88.2% during 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 during the period. Hedge funds and other institutional investors own 93.68% of the company's stock.

Analyst Upgrades and Downgrades

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

Simpson Manufacturing Trading Up 0.3 %

SSD traded up $0.52 during mid-day trading on Thursday, hitting $167.45. 92,273 shares of the stock were exchanged, compared to its average volume of 231,616. The firm's fifty day moving average is $174.80 and its two-hundred day moving average is $179.95. Simpson Manufacturing Co., Inc. has a 1-year low of $155.73 and a 1-year high of $218.38. The company has a current ratio of 3.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.24. The company has a market cap of $7.06 billion, a PE ratio of 22.14 and a beta of 1.35.

Simpson Manufacturing (NYSE:SSD - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a net margin of 14.51% and a return on equity of 18.29%. The business had revenue of $587.15 million during the quarter, compared to analysts' expectations of $589.00 million. During the same quarter in the previous year, the company posted $2.43 EPS. The company's revenue was up 1.2% compared to the same quarter last year. Equities analysts forecast that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the firm's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $183.06, for a total transaction of $45,765.00. Following the transaction, the executive vice president now directly owns 23,814 shares in the company, valued at $4,359,390.84. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is owned by company insiders.

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.