Simpson Manufacturing (NYSE:SSD) Given New $192.00 Price Target at Robert W. Baird

Simpson Manufacturing (NYSE:SSD) had its price objective decreased by analysts at Robert W. Baird from $196.00 to $192.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s price objective suggests a potential upside of 16.53% from the company’s current price.

Simpson Manufacturing Stock Down 2.7 %

Shares of NYSE:SSD opened at $164.76 on Tuesday. Simpson Manufacturing has a 52 week low of $155.73 and a 52 week high of $218.38. The company has a market capitalization of $6.95 billion, a PE ratio of 21.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The company has a 50 day moving average price of $169.56 and a two-hundred day moving average price of $178.64.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, February 10th. The construction company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.04. Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. Analysts forecast that Simpson Manufacturing will post 7.55 earnings per share for the current year.

Insider Buying and Selling at Simpson Manufacturing

In other Simpson Manufacturing news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 owns 23,814 shares of the company’s stock, valued at $4,359,390.84. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.42% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SSD. GAMMA Investing LLC grew its holdings in shares of Simpson Manufacturing by 16.8% in the 4th quarter. GAMMA Investing LLC now owns 444 shares of the construction company’s stock valued at $74,000 after acquiring an additional 64 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Simpson Manufacturing by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 1,305 shares of the construction company’s stock worth $216,000 after purchasing an additional 64 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Simpson Manufacturing by 2.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,809 shares of the construction company’s stock worth $447,000 after buying an additional 70 shares during the period. Pacer Advisors Inc. boosted its position in shares of Simpson Manufacturing by 1.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,281 shares of the construction company’s stock valued at $1,042,000 after acquiring an additional 88 shares during the period. Finally, Inspire Investing LLC increased its position in Simpson Manufacturing by 4.0% during the third quarter. Inspire Investing LLC now owns 2,437 shares of the construction company’s stock worth $466,000 after acquiring an additional 94 shares during the period. Institutional investors own 93.68% 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.