Park Avenue Securities LLC Increases Stake in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Park Avenue Securities LLC boosted its stake in shares of Simpson Manufacturing Co., Inc. (NYSE:SSD) by 24.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,506 shares of the construction company’s stock after purchasing an additional 496 shares during the period. Park Avenue Securities LLC’s holdings in Simpson Manufacturing were worth $416,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new stake in Simpson Manufacturing during the third quarter worth $34,000. Prospera Private Wealth LLC acquired a new position in shares of Simpson Manufacturing during the 3rd quarter worth approximately $37,000. Millburn Ridgefield Corp purchased a new position in shares of Simpson Manufacturing during the 3rd quarter valued at approximately $51,000. Huntington National Bank grew its stake in Simpson Manufacturing by 73.2% in the 3rd quarter. Huntington National Bank now owns 336 shares of the construction company’s stock valued at $64,000 after acquiring an additional 142 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Simpson Manufacturing by 93.9% in the 3rd quarter. GAMMA Investing LLC now owns 380 shares of the construction company’s stock worth $73,000 after acquiring an additional 184 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of the company’s stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird raised their price target on shares of Simpson Manufacturing from $202.00 to $218.00 and gave the company an “outperform” rating in a research note on Monday, October 21st.

Simpson Manufacturing Trading Down 0.6 %

Shares of SSD opened at $165.83 on Friday. The firm has a 50-day moving average price of $174.19 and a 200 day moving average price of $179.86. Simpson Manufacturing Co., Inc. has a 12-month low of $155.73 and a 12-month 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 firm has a market capitalization of $6.99 billion, a P/E ratio of 21.91 and a beta of 1.35.

Simpson Manufacturing Company 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.