Outlook Wealth Advisors LLC Increases Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Outlook Wealth Advisors LLC increased its holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 21.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,782 shares of the construction company’s stock after buying an additional 318 shares during the period. Outlook Wealth Advisors LLC’s holdings in Simpson Manufacturing were worth $366,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. purchased a new stake in shares of Simpson Manufacturing in the fourth quarter valued at about $29,000. Arlington Trust Co LLC purchased a new stake in Simpson Manufacturing in the 3rd quarter valued at approximately $31,000. GAMMA Investing LLC purchased a new stake in Simpson Manufacturing in the 4th quarter valued at approximately $35,000. Headlands Technologies LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter worth about $37,000. Finally, Rise Advisors LLC purchased a new position in shares of Simpson Manufacturing during the first quarter valued at approximately $37,000. 93.68% of the stock is owned by institutional investors and hedge funds.

Simpson Manufacturing Trading Up 1.6 %

Shares of SSD stock traded up $2.79 on Friday, reaching $173.61. 549,928 shares of the stock were exchanged, compared to its average volume of 343,710. Simpson Manufacturing Co., Inc. has a 1-year low of $117.08 and a 1-year high of $218.38. The stock has a market cap of $7.37 billion, a P/E ratio of 21.75 and a beta of 1.30. The company has a quick ratio of 2.11, a current ratio of 3.77 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $195.70 and a two-hundred day moving average of $179.05.

Simpson Manufacturing (NYSE:SSD) last released its quarterly earnings data on Monday, April 22nd. The construction company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.07). Simpson Manufacturing had a return on equity of 20.51% and a net margin of 15.45%. The firm had revenue of $530.58 million during the quarter, compared to analysts’ expectations of $549.87 million. During the same quarter last year, the business earned $2.05 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 EPS for the current year.

Insider Activity

In related news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total transaction of $179,776.32. Following the sale, the director now directly owns 14,638 shares in the company, valued at approximately $2,817,522.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Roger Dankel sold 850 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $198.08, for a total transaction of $168,368.00. Following the completion of the sale, the executive vice president now directly owns 28,764 shares in the company, valued at $5,697,573.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jennifer Chatman sold 934 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $192.48, for a total value of $179,776.32. Following the completion of the transaction, the director now owns 14,638 shares in the company, valued at approximately $2,817,522.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,784 shares of company stock valued at $770,924. Company insiders own 0.42% of the company’s stock.

Analyst Upgrades and Downgrades

SSD has been the subject of several recent analyst reports. Robert W. Baird lifted their target price on shares of Simpson Manufacturing from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. StockNews.com raised Simpson Manufacturing from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.