Simpson Manufacturing Co (SSD) : Snyder Capital Management L P reduced its stake in Simpson Manufacturing Co by 0.17% during the most recent quarter end. The investment management company now holds a total of 888,759 shares of Simpson Manufacturing Co which is valued at $37,114,576 after selling 1,546 shares in Simpson Manufacturing Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Simpson Manufacturing Co makes up approximately 2.31% of Snyder Capital Management L P’s portfolio.
Other Hedge Funds, Including , Credit Suisse Ag boosted its stake in SSD in the latest quarter, The investment management firm added 12,517 additional shares and now holds a total of 35,673 shares of Simpson Manufacturing Co which is valued at $1,489,704.Alambic Investment Management reduced its stake in SSD by selling 3,800 shares or 35.19% in the most recent quarter. The Hedge Fund company now holds 7,000 shares of SSD which is valued at $293,370. Simpson Manufacturing Co makes up approx 0.07% of Alambic Investment Management’s portfolio.Alps Advisors Inc reduced its stake in SSD by selling 452 shares or 3.76% in the most recent quarter. The Hedge Fund company now holds 11,555 shares of SSD which is valued at $480,110.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.
Simpson Manufacturing Co opened for trading at $42.64 and hit $43.27 on the upside on Tuesday, eventually ending the session at $43.21, with a gain of 1.50% or 0.64 points. The heightened volatility saw the trading volume jump to 1,04,764 shares. Company has a market cap of $2,091 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.