Wesbanco Bank Inc. Grows Stock Position in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Wesbanco Bank Inc. lifted its stake in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,994 shares of the construction company’s stock after buying an additional 570 shares during the quarter. Wesbanco Bank Inc.’s holdings in Simpson Manufacturing were worth $828,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in shares of Simpson Manufacturing by 1,473.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 80,262 shares of the construction company’s stock worth $13,310,000 after purchasing an additional 75,162 shares during the period. Park Place Capital Corp acquired a new stake in Simpson Manufacturing during the fourth quarter valued at $29,000. Genesis Private Wealth LLC purchased a new position in Simpson Manufacturing in the fourth quarter valued at $241,000. UMB Bank n.a. raised its position in shares of Simpson Manufacturing by 88.2% in the fourth quarter. UMB Bank n.a. now owns 207 shares of the construction company’s stock worth $34,000 after acquiring an additional 97 shares during the period. Finally, Outlook Wealth Advisors LLC acquired a new stake in shares of Simpson Manufacturing during the 4th quarter valued at about $362,000. 93.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Simpson Manufacturing 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 transaction of $45,765.00. Following the sale, the executive vice president now owns 23,814 shares of the company’s stock, valued at $4,359,390.84. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.42% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird lifted their price target on 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 Price Performance

Shares of NYSE SSD opened at $166.78 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.99 and a current ratio of 3.53. The firm has a fifty day moving average of $174.48 and a 200 day moving average of $179.86. The firm has a market cap of $7.03 billion, a PE ratio of 22.03 and a beta of 1.35. Simpson Manufacturing Co., Inc. has a one year low of $155.73 and a one year high of $218.38.

Simpson Manufacturing (NYSE:SSD) last released its earnings results on Monday, October 21st. The construction company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.19). Simpson Manufacturing had a return on equity of 18.29% and a net margin of 14.51%. The company had revenue of $587.15 million for the quarter, compared to analysts’ expectations of $589.00 million. During the same period in the prior year, the firm earned $2.43 EPS. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts predict that Simpson Manufacturing Co., Inc. will post 7.55 EPS for the current fiscal year.

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.