Nuance Investments buys $1,608,357 stake in Simpson Manufacturing Co (SSD)

Simpson Manufacturing Co (SSD) : Nuance Investments scooped up 6,591 additional shares in Simpson Manufacturing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 39,353 shares of Simpson Manufacturing Co which is valued at $1,608,357.Simpson Manufacturing Co makes up approximately 0.17% of Nuance Investments’s portfolio.

Other Hedge Funds, Including , Hermes Investment Management Ltd reduced its stake in SSD by selling 227,443 shares or 35.27% in the most recent quarter. The Hedge Fund company now holds 417,411 shares of SSD which is valued at $17,092,980. Simpson Manufacturing Co makes up approx 0.33% of Hermes Investment Management Ltd’s portfolio. Independent Portfolio Consultants sold out all of its stake in SSD during the most recent quarter. The investment firm sold 4,475 shares of SSD which is valued $183,430.Capstone Asset Management Co boosted its stake in SSD in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 11,942 shares of Simpson Manufacturing Co which is valued at $490,936. Simpson Manufacturing Co makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in SSD in the latest quarter, The investment management firm added 7,080 additional shares and now holds a total of 14,097 shares of Simpson Manufacturing Co which is valued at $570,788.

Simpson Manufacturing Co opened for trading at $41.61 and hit $41.71 on the upside on Monday, eventually ending the session at $41.69, with a gain of 0.43% or 0.18 points. The heightened volatility saw the trading volume jump to 1,03,956 shares. Company has a market cap of $2,014 M.

On the company’s financial health, Simpson Manufacturing Co reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49. The company had revenue of $230.00 million for the quarter, compared to analysts expectations of $227.12 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Simpson Manufacturing Co. Inc. through its subsidiary Simpson Strong-Tie Company Inc. (SST) designs engineers and manufactures wood construction products including connectors truss plates fastening systems fasteners and lateral systems used in light-frame construction. The Company also offers concrete construction products used for concrete masonry steel and for concrete repair protection and strengthening including adhesives chemicals mechanical anchors carbide drill bits powder actuated tools and fiber reinforced materials. The Company operates in three segments: North America Europe and Asia/Pacific. The North America segment includes operations in the United States and Canada. The Europe segment includes operations in France the United Kingdom Germany Denmark Switzerland Portugal and Poland. The Asia/Pacific segment includes operations in China Hong Kong Thailand Australia New Zealand South Africa and the Middle East.

Leave a Reply

Simpson Manufacturing Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Simpson Manufacturing Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.