Simpson Manufacturing Co Inc (NYSE:SSD): Institutional Investor Sentiment Up to 1.52

May 18, 2018 - By Marguerite Chambers

Simpson Manufacturing Co., Inc. (NYSE:SSD) Logo

Sentiment for Simpson Manufacturing Co Inc (NYSE:SSD)

Simpson Manufacturing Co Inc (NYSE:SSD) institutional sentiment increased to 1.52 in 2017 Q4. Its up 0.15, from 1.37 in 2017Q3. The ratio is better, as 102 institutional investors opened new or increased stock positions, while 67 sold and trimmed stakes in Simpson Manufacturing Co Inc. The institutional investors in our partner’s database now possess: 40.58 million shares, up from 39.55 million shares in 2017Q3. Also, the number of institutional investors holding Simpson Manufacturing Co Inc in their top 10 stock positions increased from 6 to 7 for an increase of 1. Sold All: 13 Reduced: 54 Increased: 57 New Position: 45.

Simpson Manufacturing Co., Inc., through its subsidiaries, designs, engineers, makes, and sells building construction products. The company has market cap of $2.89 billion. The firm offers wood construction products, including connectors, truss plates, fastening systems, fasteners, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, specialty 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. It has a 32.17 P/E ratio. It also provides wood shrinkage compensating devices; ornamental product line; cold formed steel connections; structural screws for wood, metal, and composite decking applications; and mechanical anchors for use in hollow wall conditions and for overhead applications.

The stock increased 0.70% or $0.44 during the last trading session, reaching $62.42. About 24,613 shares traded. Simpson Manufacturing Co., Inc. (NYSE:SSD) has risen 36.69% since May 18, 2017 and is uptrending. It has outperformed by 25.14% the S&P500.

Analysts await Simpson Manufacturing Co., Inc. (NYSE:SSD) to report earnings on July, 26. They expect $0.75 EPS, up 27.12 % or $0.16 from last year’s $0.59 per share. SSD’s profit will be $34.74M for 20.81 P/E if the $0.75 EPS becomes a reality. After $0.54 actual EPS reported by Simpson Manufacturing Co., Inc. for the previous quarter, Wall Street now forecasts 38.89 % EPS growth.

Baker Avenue Asset Management Lp holds 5.47% of its portfolio in Simpson Manufacturing Co., Inc. for 988,367 shares. Beaconlight Capital Llc owns 231,045 shares or 4.87% of their US portfolio. Moreover, Cornerstone Capital Inc. has 3.7% invested in the company for 380,220 shares. The New York-based Tinicum Inc has invested 3.58% in the stock. Conestoga Capital Advisors Llc, a Pennsylvania-based fund reported 1.36 million shares.

Since January 1, 0001, it had 0 insider purchases, and 21 insider sales for $90.92 million activity.

More news for Simpson Manufacturing Co., Inc. (NYSE:SSD) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in Container Store, OUTFRONT Media, SpartanNash, Amerco, Simpson …” on April 23, 2018. Seekingalpha.com‘s article titled: “Simpson Manufacturing’s (SSD) CEO Karen Colonias on Q1 2018 Results – Earnings Call Transcript” and published on May 01, 2018 is yet another important article.

Simpson Manufacturing Co., Inc. (NYSE:SSD) Institutional Positions Chart

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