Outlook Wealth Advisors LLC Has $366,000 Stock Holdings in Simpson Manufacturing Co., Inc. (NYSE:SSD)

Outlook Wealth Advisors LLC raised its position in Simpson Manufacturing Co., Inc. (NYSE:SSD) by 21.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,782 shares of the construction company’s stock after acquiring 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 hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Simpson Manufacturing in the fourth quarter valued at $29,000. Rise Advisors LLC bought a new stake in Simpson Manufacturing in the 1st quarter valued at $37,000. Headlands Technologies LLC bought a new stake in Simpson Manufacturing in the 4th quarter valued at $37,000. GAMMA Investing LLC acquired a new position in shares of Simpson Manufacturing in the 4th quarter valued at $35,000. Finally, Arlington Trust Co LLC bought a new position in shares of Simpson Manufacturing during the 3rd quarter worth about $31,000. Institutional investors own 93.68% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. StockNews.com raised shares of Simpson Manufacturing from a “hold” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird upped their price objective on Simpson Manufacturing from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th.

Insider Transactions at Simpson Manufacturing

In other news, Director Jennifer Chatman sold 934 shares of the firm’s stock in a transaction on 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 sale, the director now directly owns 14,638 shares in the company, valued at $2,817,522.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Jennifer Chatman sold 934 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were 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 of the company’s stock, valued at $2,817,522.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Phillip Burton sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $211.39, for a total transaction of $422,780.00. Following the completion of the transaction, the executive vice president now owns 4,044 shares of the company’s stock, valued at approximately $854,861.16. The disclosure for this sale can be found here. Insiders have sold 3,784 shares of company stock valued at $770,924 in the last three months. 0.42% of the stock is owned by corporate insiders.

Simpson Manufacturing Price Performance

Shares of NYSE SSD traded up $2.79 during midday trading on Friday, reaching $173.61. 549,928 shares of the company traded hands, compared to its average volume of 343,710. Simpson Manufacturing Co., Inc. has a 12 month low of $117.08 and a 12 month high of $218.38. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.11 and a current ratio of 3.77. The stock’s 50-day simple moving average is $195.70 and its 200-day simple moving average is $179.05. The firm has a market cap of $7.37 billion, a PE ratio of 21.75 and a beta of 1.30.

Simpson Manufacturing (NYSE:SSD) last announced its quarterly earnings results on Monday, April 22nd. The construction company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.07). The firm had revenue of $530.58 million for the quarter, compared to the consensus estimate of $549.87 million. Simpson Manufacturing had a net margin of 15.45% and a return on equity of 20.51%. The company’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $2.05 earnings per share. As a group, equities analysts anticipate that Simpson Manufacturing Co., Inc. will post 8.44 earnings per share for the current fiscal year.

About Simpson Manufacturing

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.