Janney Montgomery Scott LLC Grows Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Janney Montgomery Scott LLC grew its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 1,473.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 80,262 shares of the construction company’s stock after acquiring an additional 75,162 shares during the period. Janney Montgomery Scott LLC’s holdings in Simpson Manufacturing were worth $13,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC raised its position in Simpson Manufacturing by 8.7% in the second quarter. Renaissance Technologies LLC now owns 13,700 shares of the construction company’s stock valued at $2,309,000 after purchasing an additional 1,100 shares during the period. Bank of Montreal Can grew its stake in shares of Simpson Manufacturing by 25.8% in the second quarter. Bank of Montreal Can now owns 5,282 shares of the construction company’s stock valued at $903,000 after buying an additional 1,082 shares in the last quarter. Marshall Wace LLP purchased a new stake in shares of Simpson Manufacturing during the 2nd quarter valued at about $1,125,000. Squarepoint Ops LLC acquired a new position in Simpson Manufacturing during the 2nd quarter worth approximately $3,062,000. Finally, Millennium Management LLC boosted its holdings in Simpson Manufacturing by 57.8% in the 2nd quarter. Millennium Management LLC now owns 201,685 shares of the construction company’s stock worth $33,990,000 after acquiring an additional 73,872 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Robert W. Baird lifted their price objective 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 Stock Performance

Shares of SSD stock opened at $165.83 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.53 and a quick ratio of 1.99. The company’s fifty day moving average price is $174.19 and its two-hundred day moving average price is $180.05. 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 Co., Inc. has a 12 month low of $155.73 and a 12 month high of $218.38.

Insider Transactions at Simpson Manufacturing

In related news, EVP Roger Dankel sold 250 shares of Simpson Manufacturing stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $183.06, for a total value of $45,765.00. Following the completion of the sale, the executive vice president now owns 23,814 shares in the company, valued at approximately $4,359,390.84. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.42% of the company’s stock.

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.