Conestoga Capital Advisors buys $42,367,647 stake in Simpson Manufacturing Co (SSD)

Simpson Manufacturing Co (SSD) : Conestoga Capital Advisors scooped up 61,825 additional shares in Simpson Manufacturing Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 962,245 shares of Simpson Manufacturing Co which is valued at $42,367,647.Simpson Manufacturing Co makes up approximately 2.91% of Conestoga Capital Advisors’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added SSD to its portfolio by purchasing 144 company shares during the most recent quarter which is valued at $6,340.Simplex Trading boosted its stake in SSD in the latest quarter, The investment management firm added 178 additional shares and now holds a total of 584 shares of Simpson Manufacturing Co which is valued at $25,486.Bnp Paribas Arbitrage Sa reduced its stake in SSD by selling 6,498 shares or 46.09% in the most recent quarter. The Hedge Fund company now holds 7,599 shares of SSD which is valued at $334,888.

Simpson Manufacturing Co closed down -0.24 points or -0.55% at $43.79 with 1,23,095 shares getting traded on Tuesday. Post opening the session at $44.07, the shares hit an intraday low of $43.575 and an intraday high of $44.16 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

Many Wall Street Analysts have commented on Simpson Manufacturing Co. Simpson Manufacturing Co was Initiated by Sidoti to “Neutral” on Sep 9, 2016.

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.

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