Coldstream Capital Management Inc. Sells 106 Shares of Simpson Manufacturing Co., Inc. (NYSE:SSD)

Coldstream Capital Management Inc. cut its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 7.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,297 shares of the construction company’s stock after selling 106 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Simpson Manufacturing were worth $215,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Simpson Manufacturing by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 4,204,871 shares of the construction company’s stock valued at $697,294,000 after buying an additional 31,164 shares during the period. Geode Capital Management LLC boosted its position in shares of Simpson Manufacturing by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 710,166 shares of the construction company’s stock valued at $117,804,000 after acquiring an additional 2,502 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Simpson Manufacturing by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 490,585 shares of the construction company’s stock worth $81,354,000 after purchasing an additional 3,467 shares during the last quarter. Norges Bank purchased a new stake in Simpson Manufacturing in the fourth quarter valued at approximately $73,758,000. Finally, Federated Hermes Inc. lifted its position in Simpson Manufacturing by 17.6% during the fourth quarter. Federated Hermes Inc. now owns 378,094 shares of the construction company’s stock valued at $62,699,000 after purchasing an additional 56,670 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.

Insider Activity at Simpson Manufacturing

In other news, EVP Michael Andersen sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $169.98, for a total transaction of $169,980.00. Following the transaction, the executive vice president now directly owns 8,810 shares of the company’s stock, valued at $1,497,523.80. This represents a 10.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SSD shares. DA Davidson dropped their price target on Simpson Manufacturing from $195.00 to $185.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Robert W. Baird dropped their target price on Simpson Manufacturing from $196.00 to $192.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th.

Simpson Manufacturing Price Performance

SSD opened at $156.83 on Friday. The stock’s 50 day moving average price is $154.61 and its 200-day moving average price is $168.14. Simpson Manufacturing Co., Inc. has a 52-week low of $137.35 and a 52-week high of $197.82. The stock has a market capitalization of $6.58 billion, a PE ratio of 20.63 and a beta of 1.33. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.59 and a current ratio of 3.21.

Simpson Manufacturing (NYSE:SSD) last posted its earnings results on Monday, April 28th. The construction company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.14. Simpson Manufacturing had a return on equity of 18.00% and a net margin of 14.44%. The firm had revenue of $538.90 million for the quarter, compared to the consensus estimate of $531.81 million. During the same quarter in the prior year, the business earned $1.77 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Simpson Manufacturing Co., Inc. will post 8.29 EPS for the current year.

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.