Park Place Capital Corp Acquires New Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Park Place Capital Corp acquired a new stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 174 shares of the construction company’s stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SSD. Champlain Investment Partners LLC bought a new position in shares of Simpson Manufacturing during the third quarter valued at approximately $16,060,000. Diversified Trust Co bought a new position in Simpson Manufacturing in the 4th quarter worth approximately $591,000. US Bancorp DE grew its holdings in Simpson Manufacturing by 9.1% in the 3rd quarter. US Bancorp DE now owns 4,213 shares of the construction company’s stock worth $806,000 after buying an additional 352 shares in the last quarter. International Assets Investment Management LLC lifted its position in Simpson Manufacturing by 8,883.3% in 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 position in Simpson Manufacturing by 1.4% in 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. 93.68% of the stock is owned by institutional investors.

Simpson Manufacturing Trading Down 0.1 %

NYSE SSD opened at $166.78 on Friday. 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 capitalization of $7.03 billion, a PE ratio of 22.03 and a beta of 1.35. The firm’s fifty day simple moving average is $174.48 and its 200-day simple moving average is $179.86.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings results on Monday, October 21st. The construction company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). The company had revenue of $587.15 million during the quarter, compared to analyst estimates of $589.00 million. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $2.43 earnings per share. As a group, sell-side analysts anticipate that Simpson Manufacturing Co., Inc. will post 7.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird increased their target price 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 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.