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Simpson Manufacturing (NYSE:SSD - Get Rating) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a report released on Wednesday.Simpson Manufacturing Trading Down 0.6 %

Shares of Simpson Manufacturing stock traded down $0.47 on Wednesday, reaching $82.17. The company had a trading volume of 379,053 shares, compared to its average volume of 202,259. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 10.74 and a beta of 1.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.33 and a quick ratio of 1.84. The firm's 50-day moving average price is $98.00 and its two-hundred day moving average price is $103.40. Simpson Manufacturing has a 1 year low of $80.69 and a 1 year high of $141.26.

Simpson Manufacturing (NYSE:SSD - Get Rating) last announced its earnings results on Monday, July 25th. The construction company reported $2.16 EPS for the quarter, topping analysts' consensus estimates of $2.01 by $0.15. Simpson Manufacturing had a return on equity of 27.51% and a net margin of 17.44%. The firm had revenue of $593.23 million during the quarter, compared to analysts' expectations of $579.84 million. During the same quarter in the previous year, the business earned $1.66 EPS. The company's quarterly revenue was up 44.6% on a year-over-year basis. As a group, research analysts predict that Simpson Manufacturing will post 7.35 earnings per share for the current fiscal year. Insider Buying and Selling

In related news, CFO Brian J. Magstadt sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, July 11th. The stock was sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the sale, the chief financial officer now directly owns 22,547 shares of the company's stock, valued at approximately $2,308,587.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Simpson Manufacturing news, insider Roger Dankel sold 600 shares of Simpson Manufacturing stock in a transaction on Friday, July 8th. The stock was sold at an average price of $105.00, for a total transaction of $63,000.00. Following the completion of the sale, the insider now directly owns 31,212 shares of the company's stock, valued at approximately $3,277,260. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian J. Magstadt sold 2,500 shares of Simpson Manufacturing stock in a transaction on Monday, July 11th. The shares were sold at an average price of $102.39, for a total value of $255,975.00. Following the sale, the chief financial officer now directly owns 22,547 shares of the company's stock, valued at $2,308,587.33. The disclosure for this sale can be found here. In the last three months, insiders sold 5,600 shares of company stock valued at $568,975. Insiders own 0.60% of the company's stock. Institutional Investors Weigh In On Simpson Manufacturing

Institutional investors and hedge funds have recently bought and sold shares of the company. Prelude Capital Management LLC bought a new position in shares of Simpson Manufacturing in the 2nd quarter worth $452,000. Summit Global Investments raised its position in shares of Simpson Manufacturing by 1.7% in the 2nd quarter. Summit Global Investments now owns 7,121 shares of the construction company's stock worth $716,000 after acquiring an additional 121 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in shares of Simpson Manufacturing in the 2nd quarter worth $43,000. First Republic Investment Management Inc. bought a new position in shares of Simpson Manufacturing in the 2nd quarter worth $279,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Simpson Manufacturing by 1.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 21,238 shares of the construction company's stock worth $2,137,000 after acquiring an additional 342 shares in the last quarter. 89.52% of the stock is owned by institutional investors. About Simpson Manufacturing (Get Rating)

Simpson Manufacturing Co, Inc, through its subsidiaries, designs, engineers, manufactures, and sells wood and concrete construction products. 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.Further ReadingGet a free copy of the StockNews.com research report on Simpson Manufacturing (SSD)General Mills: Superior Returns With Less Volatility 3 Defensive Stocks With 60-Year Dividend Hike Streaks3 Airline Stocks Stuck in a Holding PatternRoku Stock is Down but Not Out Is Ford Rolling To A Rebound After Its Q3 Warning

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