A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Simpson Manufacturing from a hold rating to a sell rating in a report on Tuesday, July 30th. Sidoti downgraded Simpson Manufacturing from a buy rating to a neutral rating and lowered their target price for the company from $72.00 to $60.00 in a report on Tuesday, July 30th.
Simpson Manufacturing stock opened at $63.39 on Friday. Simpson Manufacturing has a one year low of $49.54 and a one year high of $78.36. The stock has a market capitalization of $2.79 billion, a PE ratio of 21.93, a price-to-earnings-growth ratio of 4.57 and a beta of 1.42. The business’s fifty day moving average is $64.26 and its 200 day moving average is $62.61.
In other Simpson Manufacturing news, Director Greenway Robin Macgillivray sold 1,475 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $61.56, for a total value of $90,801.00. Following the transaction, the director now owns 12,470 shares of the company’s stock, valued at $767,653.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.56% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of SSD. Penserra Capital Management LLC bought a new position in shares of Simpson Manufacturing in the first quarter worth about $27,000. Point72 Asset Management L.P. bought a new position in shares of Simpson Manufacturing in the second quarter worth about $53,000. TCI Wealth Advisors Inc. bought a new position in shares of Simpson Manufacturing in the second quarter worth about $66,000. Point72 Hong Kong Ltd raised its stake in shares of Simpson Manufacturing by 107.5% in the second quarter. Point72 Hong Kong Ltd now owns 1,502 shares of the construction company’s stock worth $100,000 after buying an additional 778 shares during the period. Finally, ETF Managers Group LLC raised its stake in shares of Simpson Manufacturing by 8.7% in the first quarter. ETF Managers Group LLC now owns 2,504 shares of the construction company’s stock worth $148,000 after buying an additional 201 shares during the period. 89.75% of the stock is currently owned by hedge funds and other institutional investors.
Simpson Manufacturing Company Profile
Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells building construction products. The company offers wood construction products, including connectors, truss plates, fastening systems, fasteners, shearwalls, and pre-fabricated lateral systems used in light-frame construction; and concrete construction products comprising adhesives, 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, which include grouts, coatings, sealers, mortars, fiberglass and fiber-reinforced polymer systems, and asphalt products.
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