TCI Wealth Advisors Inc. Makes New Investment in Simpson Manufacturing Co, Inc. (NYSE:SSD)

TCI Wealth Advisors Inc. acquired a new position in shares of Simpson Manufacturing Co, Inc. (NYSE:SSD) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,000 shares of the construction company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Penserra Capital Management LLC bought a new stake in Simpson Manufacturing during the 1st quarter worth approximately $27,000. ETF Managers Group LLC increased its holdings in Simpson Manufacturing by 8.7% during 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. CWM Advisors LLC bought a new stake in Simpson Manufacturing during the 2nd quarter worth approximately $216,000. Quantamental Technologies LLC increased its holdings in Simpson Manufacturing by 266.5% during 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, Everence Capital Management Inc. increased its holdings in Simpson Manufacturing by 41.9% during the 1st quarter. Everence Capital Management Inc. now owns 5,660 shares of the construction company’s stock worth $335,000 after purchasing an additional 1,670 shares in the last quarter. 89.64% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on SSD. Zacks Investment Research lowered Simpson Manufacturing from a “hold” rating to a “sell” rating in a report on Tuesday. Sidoti lowered Simpson Manufacturing from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $72.00 to $60.00 in a report on Tuesday.

SSD traded up $0.32 during midday trading on Friday, reaching $62.04. 274,920 shares of the company were exchanged, compared to its average volume of 235,993. The stock has a fifty day moving average of $65.01. The company has a market cap of $2.76 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 4.10 and a beta of 1.42. Simpson Manufacturing Co, Inc. has a one year low of $49.54 and a one year high of $78.36.

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

In other news, Director Greenway Robin Macgillivray sold 1,475 shares of the company’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 value of $90,801.00. Following the completion of the transaction, the director now directly owns 12,470 shares of the company’s stock, valued at $767,653.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.56% of the company’s stock.

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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