Mirador Capital Partners LP Purchases 418 Shares of Simpson Manufacturing Co, Inc. (NYSE:SSD)

Mirador Capital Partners LP grew its position in Simpson Manufacturing Co, Inc. (NYSE:SSD) by 6.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,529 shares of the construction company’s stock after buying an additional 418 shares during the period. Mirador Capital Partners LP’s holdings in Simpson Manufacturing were worth $434,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of Simpson Manufacturing in the 1st quarter valued at about $27,000. TCI Wealth Advisors Inc. acquired a new stake in Simpson Manufacturing in the 2nd quarter worth approximately $66,000. ETF Managers Group LLC boosted its stake in Simpson Manufacturing by 8.7% in the 1st quarter. ETF Managers Group LLC now owns 2,504 shares of the construction company’s stock worth $148,000 after purchasing an additional 201 shares in the last quarter. Quantamental Technologies LLC boosted its stake in Simpson Manufacturing by 266.5% in the 1st quarter. Quantamental Technologies LLC now owns 3,302 shares of the construction company’s stock worth $196,000 after purchasing an additional 2,401 shares in the last quarter. Finally, CWM Advisors LLC acquired a new stake in Simpson Manufacturing in the 2nd quarter worth approximately $216,000. Institutional investors and hedge funds own 88.69% of the company’s stock.

In other Simpson Manufacturing news, insider Roger Dankel sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $64.39, for a total transaction of $83,707.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greenway Robin Macgillivray sold 1,475 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $61.56, for a total transaction of $90,801.00. Following the transaction, the director now directly owns 12,470 shares of the company’s stock, valued at $767,653.20. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

SSD stock traded down $1.94 during trading on Friday, reaching $61.78. The company had a trading volume of 125,011 shares, compared to its average volume of 318,615. The firm has a 50-day simple moving average of $63.92 and a 200-day simple moving average of $62.68. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 4.70 and a beta of 1.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.21 and a current ratio of 3.90. Simpson Manufacturing Co, Inc. has a twelve month low of $49.54 and a twelve month high of $78.36.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, July 29th. The construction company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.14). Simpson Manufacturing had a return on equity of 14.69% and a net margin of 11.21%. The company had revenue of $304.90 million during the quarter, compared to analyst estimates of $323.71 million. During the same quarter last year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Sell-side analysts expect that Simpson Manufacturing Co, Inc. will post 2.73 earnings per share for the current year.

A number of research firms recently commented on SSD. ValuEngine upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Zacks Investment Research cut shares of Simpson Manufacturing from a “hold” rating to a “sell” rating in a research note on Tuesday, July 30th. Finally, Sidoti cut shares of Simpson Manufacturing from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $72.00 to $60.00 in a research note on Tuesday, July 30th.

Simpson Manufacturing Company Profile

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, chemicals, mechanical anchors, carbide drill bits, powder actuated tools, and fiber reinforced materials for use in concrete, masonry, and steel construction, as well as for concrete repair, protection, and strengthening applications, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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